Business Details
12 Years
experience
Specialist Insurance Solutions for Brokers
At Pen Underwriting, we have rapidly evolved into one of the UK's leading Managing General Agents (MGAs) with a clear vision to achieve 1.75bn gross written premium (GWP) by 2030. Our multi-class, multi-territory virtual insurer model combines the capabilities of a traditional insurance company with the agility and niche expertise that MGAs are renowned for. We specialise in professional indemnity, property owners, cyber, marine, and hazardous industries, serving both UK and international markets through a collaborative culture and strategic partnerships.Our executive team prioritises underwriting excellence, product relevance, and responsive service to deliver value for brokers, customers, and capacity providers. With a physical presence in Norway and the Republic of Ireland, we continue to expand our global footprint while maintaining a strong focus on innovation, talent development, and ethical business practices.
Services
Professional Indemnity
Cyber Insurance
Property Owners
Commercial Combined
Liability Coverage
Marine Insurance
Hazardous Goods
Financial Lines
Details
- Year established: 2014
Highlights and features
- We operate as a multi-territory virtual insurer with 1bn gross written premium
- Our 2030 vision targets 1.75bn GWP as the leading UK MGA
- Specialist underwriting teams cover cyber, marine, and hazardous industries
- We maintain physical presence in Norway and Republic of Ireland
- Collaborative culture combines entrepreneurial energy with technical expertise
Services
Cyber Insurance
Our cyber insurance solutions provide comprehensive protection against digital threats including data breaches, business interruption, and cyber extortion. We offer extended restoration periods and innovative coverage enhancements to mitigate financial impacts. With tailored support for SMEs, our policies simplify claims processes and reduce operational stress during critical incidents.
Professional Indemnity
Specialist professional indemnity insurance protects legal professionals and service providers against claims of negligence or breach of duty. Our market-leading coverage includes 25 years' continuous commitment to solicitors' PI with strategic partnerships enhancing policyholder protection and broker support.
Hazardous Goods
We provide tailored insurance for hazardous materials transportation and environmental industries. Our expertise covers tankers, pollution risks, and specialist environmental liabilities, offering comprehensive protection for high-risk sectors with complex regulatory requirements and potential environmental impacts.
Marine Insurance
Our marine insurance solutions protect commercial shipping interests including cargo, hull, and liability risks. Designed for modern maritime challenges, policies address both traditional shipping operations and emerging risks in global trade logistics and environmental compliance.
Commercial Combined
Flexible commercial combined policies offer integrated coverage for property, liability, and business interruption risks. Tailored for diverse industries, these solutions provide holistic protection with streamlined claims processes and risk management support to maintain business continuity.
People
Tom Downey
Chief Executive Officer
Tom leads Pen Underwriting's strategic growth as CEO, driving expansion from 1bn to its 2030 1.75bn GWP target. With extensive MGA experience, he focuses on underwriting excellence, broker relationships, and innovative product development across UK and international markets.
Questions
What insurance products does Pen offer?
Pen provides specialist insurance across professional indemnity, cyber, property owners, commercial combined, liability, marine, hazardous goods, and financial lines for UK and international markets.
How can brokers access Pen's products?
Brokers can access our products through a single TOBA agreement, online trading via Pen Central with no setup costs, or direct contact with our underwriting teams.
Where is Pen headquartered?
Our head office is located at 67 Lombard Street, London, EC3V 9LJ with additional offices in Norway and the Republic of Ireland.
What is Pen's market position?
We are one of the UK's largest MGAs managing approximately £1bn gross written premium with a strategic vision to become a £1.75bn GWP business by 2030.
How does Pen support policyholders during cyber incidents?
Our enhanced SME cyber coverage includes extended business interruption periods, sub-limit removal, and pay-on-behalf provisions to reduce financial stress during cyber extortion incidents.
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