Move is part of drive to unify broker’s MGAs under single Pen Underwriting brand
Arthur J Gallagher’s managing general agent Pen Underwriting has annouced that it is rolling out a single TOBA (terms of business agreement) for its constituent businesses.
The move, which the business says marks a key step towards establishing itself as a single underwriting entity, follows last August launch of Pen as a common brand to unite its ten MGAs - Dallas Kirkland, e-Underwriting, Ink, IRS, Keelan Westall, Oamps, Think, Vela, Woodbrook and Zennor.
The MGAs write collectively around £300m in gross written premium, all of which will begin trading under the Pen Underwriting name later in 2015.
Simon Taylor, sales director of Pen Underwriting (pictured), said: “When we unveiled Pen Underwriting as the collective brand for our specialist MGA businesses and began the journey to creating a single underwriting business, we made it clear that being easy to do business with was a top priority.
“The creation of one TOBA to cover all our underlying underwriting specialisms is tangible evidence of us delivering on that promise — and we’ll continue to look for ways to help independent brokers more quickly and easily respond to the needs of an ever-greater range of businesses.
“For brokers, the new TOBA will enable them to start trading with parts of Pen they have not previously used without the hassle of copious form filling. We’re determined to make it as easy as possible for them to access the comprehensive range of Pen’s collective capabilities and technical underwriting expertise — whether they need cover for high hazard haulage or solicitors’ professional indemnity, recruitment consultants or real estate clients, and most things in-between.”