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The Pen Underwriting MGA is expanding from its marine war specialism. -
The hybrid fronting carrier was launched last year and is led by Talbot alumnus Sam Reeder.
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The deal follows Bishop Street’s acquisition of Ethos’ TL operations from Ascot.
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Amwins is working to build out its London underwriting business.
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The marine MGA is continuing to build out its staff base and product offering.
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In Partnership With Allianz CommericalWhat should we expect in the world of deal-making in 2025? According to Tony Ursano of Insurance Advisory Partners, the stage is set for a spree of transactions. In Lloyd's, it's a question of when, not if deals will take place. Meanwhile, the MGA market remains "red hot".
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The underwriter will manage and develop the MGA’s professional indemnity portfolio.
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Several businesses are set to launch new marine offerings in 2025.
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The partnership is Fidelis Insurance Group’s first third-party capacity deal.
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The business will trade via London, the US and Canada.
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The wholesaler also paid $11.7mn in cash to Alera for the acquisition of Greenhill Underwriting.
