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New multi-year partnership will enable Pen to write £50 million in UK thatched property and leisure risks over the next three years, building on the team’s 25 years’ specialist sector experience at the ‘non-standard end of non-standard’ UK home insurance.
The agreement will enable Pen to write a further £120 million in property owner risks over the next three years via digital trading and manually underwritten policies, with the increased capacity supporting strong growth following enhancements to Pen’s data-driven digital and wider proposition.