Pen doubles capacity in renewed property owners’ deal
Pen Underwriting has increased its property owner risks capacity, enabling the managing general agent to write £120m in premium over the next three years.
The Gallagher-owned MGA claimed brokers will benefit from “Pen’s broad underwriting appetite, ease of securing cover and ability to trade in multiple ways”.
The A+ rated capacity is provided by Endurance Worldwide Insurance Limited and doubles the provision agreed with EWIL in 2023.
Initially the agreement three years ago focused on the more complex, individually transacted policies before extending its backing last year to include Pen’s digital propositions.
Enabling even greater numbers of UK
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