Pen Underwriting and Markel renew equestrian capacity deal

MGA Pen Underwriting has extended its partnership with specialist insurer Markel, confirming capacity for Pen Underwriting’s equestrian products for the next three years.

The agreement will see Markel continue to provide expertise and capacity for up to £25m in premiums over the next three years for Pen Underwriting’s equestrian offering – these products are distributed through the MGA’s equine-specialist delegated authority partners.

Pen Underwriting and Markel have partnered together since 2017.

Seb Simmonds, commercial director of delegated solutions at Pen Underwriting, said: “From happy hackers to trade associations, eventing to local riding clubs, the equestrian market presents diverse risks across its many different disciplines and an underwriting challenging that our dedicated team enjoys meeting head on.

“Partnering with Markel, as a renowned equine specialist, with such a strong reputation and track record in developing policy enhancements, has proved a brilliant way to ensure our coverholders – all of whom are equestrian specialists in their own right – and end customers receive the full benefit of our collective expertise.”

Juliet Redfern, managing director of equine and livestock at Markel, added: “We’re delighted to renew our partnership with Pen Underwriting, which supports our mutual long-term commitment to the equestrian sector.

“From the start of the partnership, the Pen team’s extensive expertise, ability to tailor solutions to wide-ranging customer needs and significant distribution strength have delivered huge value.

“Our Pen partnership continues to complement Markel’s existing equine footprint in the UK.”