Underwriter reports that its aviation attritional losses reached $1bn for the first time in 2025, revealing claim-centric ‘cause for concern’ as policies fail to keep pace with sector evolution
’This consortium demonstrates the agility of the market to respond to the needs of global supply chains,’ says chief executive
With aviation policy wordings ‘written decades ago’ and deemed ‘pretty much insignificant now’ against current sector aircraft and risks, underwriter recommends collaborative committee as a beneficial model to bring the class up to date
‘Expanding our energy and power presence in London is a key strategic priority,’ says interim chief executive
’We look to partner with specialists who share our values and put long‑term customer outcomes at the centre of what they do,’ says chief executive
‘Brokers and their clients are at the very heart of everything we do and this move provides our specialist underwriting team with enhanced tools and autonomy,’ says head
’This collaboration further strengthens our commitment to support renewable energy initiatives and ESG objectives,’ says head of schemes
’Our strategic focus remains clear – to broaden our specialist offerings, strengthen our practitioner-led leadership model and invest in the talent,’ says EMEA managing director
‘As businesses continue to evolve, brokers need confidence that they can choose the right covers quickly and easily,’ says head
‘We are grateful to Canopius for sponsoring our team from the idea stage through to a successful sale of the business,’ says chief executive
Chief executive believes broker consolidation across UK’s northern regions is giving industry talent greater pause for career thought – and enabling joint venture partnership opportunities
’Their collective backing and trust in Pen Underwriting’s proven expertise in underwriting means we have significant scope to grow our already large portfolio,’ says managing director