BREAKING NEWS: Pen Underwriting announces new chief exec

BREAKING NEWS: Pen Underwriting announces new chief exec

Insurance News

By Jordan Lynn

Pen Underwriting chief executive Gary Marshall will retire from the business at the end of the year, it has been announced.

Arthur J. Gallagher, which owns Pen Underwriting, announced that Ken Keenan has been appointed as Marshall’s successor from 1 January 2018.

Keenan recently relocated to Australia as general manager branch operations for AJG, having previously held the role of CEO of the Canadian broking division of the global firm. Keenen is anticipated to transition into the business from September.

Marshall will step aside from the business following 17 years with AJG as Steve Lockwood, managing director Australia and New Zealand at AJG, congratulated the veteran on his career.

“While his are large shoes to fill, we are delighted to be able backfill from within and ensure the best possible transition for our clients and our team,” Lockwood said.

“Although Ken is relatively new to the Australian market, he has built a solid reputation within the Gallagher business during his time in Canada and has been working with the Australian business since mid-2016 to evolve certain aspects of our branch operations.”

Keenan has held a number of leadership roles throughout his career having previously worked in Europe for major international firms such as RSA and Zurich.

“Pen is an impressive offering and there is a lot we can do to build on its strong value proposition to create value in new and interesting ways,” Keenan said.

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