PEN Underwriting

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Pen Underwriting was created in 2014 by bringing together some well-known and reputable UK underwriters to create a single, unified business that offers underwriting with a difference.

Pen Underwriting is part of the Arthur J. Gallagher group (the brand name for the international broking and underwriting division of Arthur J. Gallagher & Co.  - one of the world’s largest insurance brokerage and risk management companies). Arthur J. Gallagher group covers territories outside of the United States, encompassing UK, Canada, Australia, the Caribbean, Latin America and Asia, and employing over 6,850 staff.

Arthur J. Gallagher & Co. was founded in Chicago on October 1, 1927, with a focus on commercial insurance. Arthur Gallagher also pioneered the concept of risk management. The company’s HQ is in Illinois and, according to Wikipedia, it is the third largest insurance broker in the world, employing over 21,500 people worldwide, and offering client service capabilities in more than 150 countries.

With this background, Pen Underwriting’s principal areas of business include:

  • commercial motor and property insurance;

  • recruitment insurance;

  • construction insurance;

  • financial lines (e.g. professional indemnity insurance, PA and leisure travel via flexible benefits etc.);

  • solicitor’s PI;

  • property insurance (including let properties, HNW properties and beach huts).

Landlord insurance

Landlord’s buildings insurance typically covers the structure and fabric of the building against risks as flooding, fire, storm damage, impacts, theft and vandalism. Options are also available to protect a landlord’s ongoing income stream by compensating for any business interruption caused by the loss of rental income.

Landlord’s contents insurance typically covers any furnishings provided by the landlord against the above mentioned hazards.

Property owner's public liability typically also makes up an integral part of landlord insurance, protecting a landlord from any compensation claims for death, loss or injury caused to a tenant or one of their guests visiting the property.

Landlord insurance can consist of buildings insurance only, contents insurance, or can be combined depending on your needs.

It provides financial protection in the event that something unexpected happens to your property, which causes financial loss.

If your let property is mortgaged, it will typically be a condition of your mortgage agreement that you have (at the very least), buildings insurance in place at all times, in order to protect both your financial interests.

Pen Underwriting offers a wide range of property protection insurance products including landlord insurance, home insurance and property insurance with additional extensions to include protection for AirBnB hosts and also holiday homes / lets.

Their landlord insurance policy offers coverage including:

  • buildings and contents (including accidental damage, and replacement locks and keys);

  • contents of common parts;

  • an optional extension for subsidence, heave and landslip;

  • loss of rent;

  • employers’ liability;

  • legal expenses.

Pen Underwriting let insurance policies can typically be tailored to meet a property owner’s unique needs, providing flexible cover at a cost-effective price.