Pen and Markel in £25m equestrian sector deal

Horse jumping hurdle

Pen Underwriting has partnered with Markel International to focus on the equestrian market. The agreement will see Markel provide expertise and capacity for up to £25m in premiums over the next three years for Pen’s products. The new partnership takes effect 1 May 2017. Diversity Seb Simmonds, commercial director of Pen Underwriting Delegated Solutions, said: “The equestrian market presents unique risks and challenges due to the diversity of activities undertaken in the different disciplines.