The employment is effective 6 January 2025, pending regulatory approval. Credit: Hadayeva Sviatlana/Shutterstock.

Pen Underwriting, a subsidiary of Arthur J. Gallagher, has named Hannah Fry as chief operating officer (COO), effective 6 January 2025. 

Fry will also be part of the executive team of the multi-class, multi-territory specialist underwriting and distribution business. 

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The employment is pending regulatory approval.  

In her new role, she will be tasked with ensuring the operational capabilities of company to achieve its strategic business vision and growth plans. 

Fry has been working in the insurance sector for 25 years. 

She latterly served as operations director for the SME & Personal Lines division of Gallagher in the UK. 

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Fry has held this role for the last five years since the Stackhouse Poland acquisition in 2019.  

Her career at Stackhouse began 18 years earlier, where she progressed to director of risk, compliance and central operations after starting as a corporate account handler. 

Pen Underwriting CEO Tom Downey said: “We are very much looking forward to welcoming Hannah into Pen and onto our executive team in the new year in what is a pivotal role as we push forward with our ambitious growth plans.” 

Hannah added: “Having watched Pen invest, expand and diversify as it nears its goal of becoming a £1bn GWP [gross written premium] specialist underwriting business, it is hard to think of a more exciting time to join the exec as focus turns to the next phase of strategic growth. This is a fantastic opportunity to work with a passionate, high-performing team and with a business that has a real buzz around its One Pen culture.” 

Earlier this month, Pen Underwriting committed to Flood Re’s Build Back Better scheme to improve flood resilience for property owners.