Pen Underwriting rolls out single Toba
Business states the agreement enables brokers to deal with 10 MGAs as a single underwriting entity.
Pen Underwriting is rolling out a single terms of business agreement (Toba) which it said will enable brokers to deal with all of its specialist businesses as a single underwriting entity.
The move follows the launch of Pen Underwriting last year as a common brand to unite 10 UK managing general agents (MGA) owned by Arthur J Gallagher.
The MGAs, including Ink and Oamps, collectively write around £300m in gross written premium and will start trading under the Pen Underwriting name during 2015.
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