Pen Underwriting reveals its largest ever “master binder” in £110m annual deal with Legal & General
L&G to lead on UK household and SME for five years.
Pen Underwriting has unveiled the largest master binder in its history as it consolidated 15 UK household and SME portfolios into a five-year arrangement led by Legal & General worth £550m over the period.
The Pen brand was rolled out in 2014 with the business formed out of Gallagher’s acquisition spree bringing together the likes of Dallas Kirkland, e-Underwriting, Ink, IRS, Keelan Westall, Oamps, Think, Vela, Woodbrook and Zennor.
OIM Underwriting was added in 2015.
Jonathan Turner, CEO of
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