Our global transactional underwriting product offers non-UK insurance intermediaries the opportunity to access Lloyd’s capacity on individual property risks up to £20m GWP.

The value of our proposition
Lloyd’s binding authorities normally only cover up to £5m GWP on non-UK property risks; however, our expertise and systems for underwriting, reporting, governance, claims management and analytics mean our binding authority empowers our underwriting team to cover larger – and riskier – business.

We design a bespoke product for each of our partners. That means we will work with you to set the limits and design the enhancements. In the US that might be East Wing exposed business, or cover for decontamination – you tell us what your clients need and we’ll try to accommodate it. Once we’ve agreed the product, it will be exclusive to you, i.e. no one else will have the right to sell it.

Bringing your business together with Pen makes it more valuable. Whereas individual risks, placed with a variety of syndicates, might only have attracted basic commission, bringing them together immediately makes them more valuable.

What do we do?
Our partners have direct access to our experienced, empowered underwriting team who offer a fast turnaround on individual property risks, including hard to place business like:

- Flood risks
- Mixed use buildings
- Specialist commercial uses like foundries

What do our partners do?
We understand that you want to own your relationships with your clients, so our partners issue their own documentation, branded to their specification.