Pen Underwriting doubles SME cyber cover limit and brings claims in-house to unify customer journey Product News
Latest enhancements to Pen’s UK cyber offering see main cover limit doubled to £10 million & insourced all UK cyber claims
Latest enhancements to Pen’s UK cyber offering see main cover limit doubled to £10 million & insourced all UK cyber claims
Our specialist marine team, Vessel Protect, has announced a 50% increase in its yacht hull capacity, up to USD / EUR 15 million on a worldwide basis. This increased cover gives our underwriting teams, and our brokers, even greater flexibility and scope to support their clients.
The new multi-year deal with strategic partners Zurich and Hiscox will support Pen’s specialist property insurance practice – which provides cover for a large mid-net worth portfolio as well as homes with unusual features or occupancy that are difficult to place within a standard market – with effect from 1 April 2026.
New agreement builds on more than 35 years of continuous collaboration across the UK and Ireland in support of highly specialist fleet risks, with enhanced levels of underwriting and claims authority and the scope of deal extended to include Pen’s broader fleet portfolio, including its passenger transport specialism.