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Here at Pen, we’ve come a long way in a short space of time. But the truth is, the journey’s just begun.
From a ‘super start-up’ of a dozen or so brands in 2015, to a single cohesive £600m GWP business, we’re setting our sights on our next milestone – with a bold new vision to become a £1bn GWP underwriting & distribution business.
We’ve already built a well-known brand, transformed ourselves operationally and created a multi-class, multi-territory virtual insurer – combining all the security and capabilities you’d expect from an insurance company with the entrepreneurial energy, niche expertise and flexibility that MGAs are known for, as well as a true market place for our brokers.
We’ve also created a strong culture of one team, which we call One Pen. An underwriting business, led by underwriters. A business that demonstrates every day the added value it brings to customers, colleagues, coverholders, brokers and capacity providers alike.
Being part of a strong global organisation, we will continue to focus on core values as well as an emphasis on growing. We will do this by investing in the businesses, the talent and the innovation which will drive our business to the next level.
It’s evolution, not revolution. And we’re just getting started.
Operating as a virtual insurer, Pen has all the capabilities of a typical insurance company, except carrying risk.
Behind any successful organisation is a defined set of values; at Pen, we measure everything we do against the four Pen pillars.
Back in 2014, Pen brought together 12 different businesses with a huge range of distribution and underwriting capabilities
We don’t just underwrite risks, we help others to underwrite too by offering delegated authorities
Our partners include some of the biggest names from the insurance, reinsurance and Lloyd’s markets
We are proud to have been nominated for a range of awards by our industry colleagues
Together with our parent company, Gallagher, we have been recognised as one of the World’s Most Ethical Companies