Pen Underwriting completes Tay River acquisition, adds £90mn GWP
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Pen Underwriting completes Tay River acquisition, adds £90mn GWP

Samuel Casey
03 April 2023
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Pen Underwriting has completed the acquisition of marine MGA group Tay River Holdings for an undisclosed sum as it pursues its target of hitting £1bn ($1.24bn) gross written premiums (GWP) by 2025.

The move, which was announced last month, means Pen acquiring specialist marine MGAs Vessel Protect, Trafalgar Marine Trades, BMM Ports & Terminals, Freeboard Maritime and Fortify Marine.

The

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News Marine AJ Gallagher M&A
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Samuel Casey
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