Pen Underwriting’s Tom Downey on the market-hardening challenges and opportunities for MGAs
What a difference five years makes. Back in early 2015, we had a nation blissfully ignorant of the division, disruption and economic uncertainty that would follow the 2016 referendum result, writes Tom Downey, chief underwriting officer at Pen Underwriting.
The term ‘climate emergency’ hadn’t yet entered our UK vernacular and the insurance market was stuck in its own Groundhog Day of a stubbornly prolonged soft market.
Even if the annual 1 January
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