Pen Underwriting appoints specialist underwriter as demand grows for tech sector risk solutions
Published On : 10 Jun 2022
Pen Underwriting today announces that Dan Hydleman has joined as a specialist Technology Underwriter to help meet growing demand for tailored insurance solutions that support the rapid rise of the technology sector in the UK, and its broad spectrum of businesses.
Dan will be based in Pen’s Leeds office and report into Tom Dixon, Head of Technology, who joined the company in September to spearhead the development of the new niche within Pen and build out a comprehensive portfolio of professional indemnity-led innovative risk solutions.
Dan joins from Hiscox where he has been an underwriter specialising in technology since 2019, and brings experience in direct-to-consumer channels, e-trade capabilities and a focus on the customer journey. Pen’s PI-led portfolio of risk solutions cover companies ranging from software developers, internet service providers and GDPR consultants to specialists in blockchain, artificial intelligence and data analytics.
Tom Dixon said: “Dan is a talented and ambitious underwriter who is keen to carve out and build on his existing specialism in the tech sector. He brings exactly the right kind of energy, technical skills and a laser-like focus on the customer experience, at a time when giving brokers a quick turnaround, access to expertise and delivering a first-class service rightly remain the number one game in town.
“Dan’s experience of the fast-evolving and complex risk needs of a growing breed of tech sector companies, coupled with an understanding of how a tech sector book needs to be run and managed profitably, will be invaluable as we continue to grow sustainably but at pace in this rapidly expanding area. It’s also great to be investing in underwriting talent outside of London, to provide on-the-ground technical expertise for our regional brokers as required.”
Dan Hydleman added: “Pen’s stated ambition to become a top tier, insurance heavyweight in the tech sector was a compelling reason to join the team. It’s exciting to be part of a business that is looking to diversify its product offering, enter emerging areas and do things differently, while making sure new risk solutions continue to reflect changing customer needs and exposures. I’m looking forward to using my skills and e-trade experience to help Pen build out its multi-channel trading proposition so brokers can interact with us in the way that works for them and their tech sector clients.”
Speaking of the wider strategic opportunity for Pen in the tech sector space, Adrian Scott, Managing Director of International & Financial Lines, said: “Tech sector insurance may be a more mature market than cyber, but its upward growth trajectory is just as strong, underpinned as they both are by the expanding digital economy. We entered this market because we wanted to offer brokers greater choice, empowered underwriters and a problem-solving approach. We’re delighted that our service-focused, can-do approach is already driving additional recruitment of talent and there are exciting developments ahead as we continue to build out our proposition in this area.”