Pen Underwriting

InsTech Overview:

Pen Underwriting is an amalgamation of twelve different MGAs acquired by parent company, Gallagher. Since acquiring Manchester Underwriting in 2021, Pen is responsible for more than £650 million of gross written premium. Pen can do everything an insurer does, such as claims, pricing, distribution, sales and marketing - except carry risk. The company has also set up an e-placing exchange, Pen Central, for internal use by brokers carrying a license to trade with Pen Underwriting.

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