Neil Clutterbuck has been appointed as the Chair of Pen Underwriting and an Independent Non-Executive Director of Arthur J Gallagher Holdings (UK) Limited, subject to regulatory approval.

Clutterbuck brings a wealth of experience to his new position, having spent nearly two decades at Allianz in various senior management and executive roles. With three decades in the insurance industry, he possesses specialised knowledge in underwriting, pricing, and governance.

Commenting on his new role, Neil said: “I’m very pleased to be joining Gallagher and Pen in a non-executive capacity. Next year, Pen celebrates its tenth anniversary and I am looking forward to working with Tom Downey and the management team to deliver its next chapter of growth and achieve its stated aim of becoming a £1 billion GWP business.

“Gallagher’s business in the UK has a clear vision and well-established client-first culture and I am looking forward to joining and contributing to its continued success. Having worked on the insurer side of the industry for many years, I hope to bring different perspectives and meaningful insights to its existing expertise.”

Most recently, Clutterbuck was Chief Underwriting Officer for Allianz, where he was responsible for setting underwriting, pricing and data strategies in a highly regulated environment.

He is currently serving as senior advisor at Sicsic Advisory, a strategic regulatory and risk consultancy.

Michael Rea, CEO of Gallagher in the UK, said: “Neil is a recognised and respected leader in the insurance industry and we are very happy to welcome him to both our broking and underwriting divisions.

“The business is in great shape, and his input will be highly valuable for us as we continue to look at opportunities to grow and how we can do an even better job for our clients.”

Sue Langley, Non-Executive UK Chair of Gallagher, added: “We’re delighted to have Neil join us as Pen Chair and part of the UK Board. His experience and market insight will provide a fantastic complement to the skills, talent and expertise of our already strong group of non-executive directors.

“With Gallagher’s momentum and ambitions, his counsel will be a valued addition to the business in 2025 and beyond.”

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