Pen and Markel agree £25m in equine capacity
Deal is a three-year renewal of an equine partnership that first began in 2017.
Pen Underwriting has secured £25m in capacity from Markel to support its equestrian business.
The signing of the three-year agreement follows an initial partnership between the two firms on equine insurance in 2017.
Pen Underwriting said the deal would “further consolidate Pen’s presence in the equestrian market”.
The MGA’s equestrian products are distributed through its delegated authority partners.
Partnership
Seb Simmonds, commercial director at Pen Underwriting, commented: “Partnering
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