Pen Underwriting, a specialist underwriting agency in the UK, has appointed Lorraine Malcolm as Senior Underwriter for Scotland within its Commercial Risk Managed team, effective Tuesday, 22nd April.
This team serves brokers and clients nationwide through a network of regional hubs.
Based in Glasgow, Malcolm brings over 30 years of extensive experience in commercial underwriting, covering a wide range of property and casualty risks.
Most recently, she held the role of Property & Casualty Manager for Scotland and Northern Ireland at Allianz Insurance. Malcolm’s previous experience also includes serving as a Senior Trading Underwriter at Aviva within its Corporate & Specialty Risk division and a decade-long tenure as a Technical Development Underwriter at Axa.
Throughout her career, Malcolm has built and managed successful commercial insurance portfolios, collaborating closely with brokers and business development teams to deliver customised solutions for complex client risks.
Her expertise spans large, intricate risks, the creation of delegated authority schemes, and offering technical guidance across the underwriting process.
Gordon Williams, Regional Underwriting Manager at Pen, said: “Lorraine is a well-known and highly respected underwriter in the Scottish commercial insurance market, so we are absolutely delighted she has chosen to join Pen and our Glasgow-based team.
“Her extensive track record as a trading underwriter, backed by deep technical expertise and a wealth of regional market knowledge, offers the ideal blend of experience to further our work in helping regional brokers build long-lasting relationships with their commercial clients.
“Our risk-management led proposition is all about creating a virtuous circle of improvement and broker-client relationships that stand the test of time. Lorraine’s experience as an empowered underwriter, keen to trade and tailor insurance solutions to meet individual client needs will be a real asset as we look to continue supporting brokers and growing our business across Scotland.”
Malcolm commented: “I am delighted at the opportunity to join Pen Underwriting, whose growth journey to become one of the largest MGAs in the UK over the past 10 years has shown them to be ambitious, focused and forward-thinking.
“Importantly, Pen blends underwriting expertise with a flexible, open-minded approach to business which builds and sustains strong broker and market relationships. I look forward to being part of the team and contributing to Pen’s continued success and future growth.”
