Pen extends social housing capacity deal with SiriusPoint
Pen Underwriting has expanded its multi-year capacity deal with SiriusPoint for its specialist social housing business through to at least 2030.
The updated agreement will enable the Gallagher-owned managing general agent to write in excess of £300m in premium.
The relationship between Pen and SiriusPoint was sealed in 2024 for £150m of premium.
Pen’s proposition serves the not-for-profit housing association sector, which owns, rents and manages residential accommodation and commercial properties, providing insurance for buildings, contents, property owners’ liability and terrorism.
In 2025 Pen expanded its partnership with SiriusPoint with
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