Pen Underwriting expands professional indemnity appetite to larger more complex risks with launch into mid-market
Published On : 10 Mar 2026
Pen Underwriting, the multi-class multi-territory managing general agent (MGA), has launched into the UK mid-market professional indemnity (PI) sector to make it easier for broker partners, wherever they are based, to place larger or more complex PI risks.
Pen has partnered with a panel of A-rated insurers(1) to provide capacity behind its new offering, designed for firms with larger fee incomes or higher turnovers, to complement its existing specialism in SME PI risks which covers a broad underwriting footprint of wide-ranging professions.
The new offering catering for larger firms of professionals will apply to a broad range of in-scope professions – from accountants, architects and consulting engineers to design & construct firms, and many more. In addition to having a broad underwriting footprint, there will be no gap in terms of fee income or turnover of businesses that Pen can underwrite via its mid-market or SME facilities. Combined with Pen’s ability to e-trade PI risks, this ensures brokers can access a seamless PI solution whatever the client’s size and needs, and however they wish to trade with Pen.
Sachin Gupta, Managing Director of UK PI at Pen, said: “Extending our PI risk appetite to include larger firms, which are typically more complex, is another example of how we listen to our broker partners and respond. When brokers were calling out for greater choice for surveyors’ and valuers’ PI, we expanded into that specialist market. When cover options became limited for their own profession, we responded and created tailored cover for insurance brokers. Now we are doing the same for mid-market PI risks, where brokers tell us they want more market choice and easier ways to place larger client risks, especially in the regions.
“By taking a consortium approach to capacity – with various quality A-rated insurer markets behind us – our empowered underwriters can now use their expertise to work closely with brokers right across the UK to offer one-stop solutions for their larger PI client risks.”
(1) Independent ratings from third party rating companies. Correct as at February 2026
