Pen Underwriting launches standalone terrorism product
MGA says the new offering is part of its strategy to broaden its product suite for UK brokers, as it works towards its £1bn GWP target.
Pen Underwriting has launched a new standalone terrorism proposition, aimed at UK businesses and property owners.
The Gallagher-owned managing general agent noted that the offering has been tailored to cover realistic scenarios based on a broad definition of terrorism and can be traded in multiple ways to best suit brokers and their clients.
It added that the product is backed by A-rated security and has been designed as an easy, quick-to-quote, e-traded proposition via Acturis or the Pen
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