SiriusPoint and Pen Underwriting (Pen) have today announced a new strategic partnership. The multi-year agreement will see SiriusPoint provide 100% capacity for Pen’s specialist social housing practice, which has more than 20 years of underwriting experience, enabling it to write more than £150m in premiums.
Simon Perry, Managing Director of Real Estate, and Head of Social Housing at Pen Underwriting, said: “Our new partnership with SiriusPoint represents an exciting evolution for our social housing business. Joining forces with a like-minded organisation, known to be a committed capacity provider for MGAs, will enable us to channel more than 20 years of underwriting knowledge and insight into further enhancements for the benefit of our housing association clients…”
Rob Gibbs, President & CEO, SiriusPoint International, added: “Pen Underwriting is a new partner for SiriusPoint, although we have long admired and tracked its progress to a high caliber business with underwriting and distribution as its heart. We are looking forward to partnering with the team at Pen as it continues to execute its clear growth strategy, and develop its proposition within the social housing market. Partnering with expert MGAs is key to SiriusPoint’s strategy, and our partnership will further strengthen our portfolio while reinforcing our commitment to the MGA sector.”
Find out more in Pen’s press release here.
