Sponsors

Pen Underwriting

Pen Underwriting is a multi-class, multi-territory managing general agent (MGA) that operates as a virtual insurer, meaning it can fulfil all the typical functions of an insurance company — from underwriting, sales & distribution, pricing & analytics, product innovation, risk & governance through to claims handling — other than the provision of insurance capital.

Pen Underwriting has five divisions — International & Financial Lines, Specialty Lines, Public Sector, SME & Personal Lines and Manchester Underwriting Agencies Management (‘MUM’) — offering a wide and growing range of specialisms from e-Solutions and delegated authorities for volume business through to specialty products with individual underwriting for hard-to-find placements.

Already one of the UK’s largest MGAs, Pen has a bold vision to become a £1bn gross written premium (GWP) underwriting and distribution business. In October 2021 it acquired Manchester Underwriting Agencies Limited and its wholly owned subsidiary MUM, adding more than £60m GWP to the overall Pen family. Together, the businesses now generate more than £720m GWP with a combined team of 450 insurance professionals.

At Travelers, we believe in the power of collaboration. We work hand in hand with insurance brokers to provide specialist insurance solutions that meet your clients’ evolving needs. Our deep segment expertise is your advantage, allowing you to tackle your clients’ unique risk challenges with confidence. Whether your client is a sole trader, small to medium-sized business or large multinational corporation, we can protect their business as it evolves.

We are backed by more than 160 years of experience and have an AA rating for financial strength from Standard & Poor’s. This has helped us develop strategic partnerships and insurer networks around the world, ensuring your clients can count on Travelers. 

Visit www.travelers.co.uk