QBE Insurance commits £400m in capacity for Pen Underwriting’s UK and Ireland operations

QBE Insurance has committed £400m in capacity to Pen Underwriting’s UK and Ireland operations as part of a renewed strategic partnership.

QBE Insurance has committed £400m in capacity to Pen Underwriting’s UK and Ireland operations as part of a renewed strategic partnership.

The collaboration has been extended through two multi-year agreements aimed at supporting specialised industries, according to the Coverager.

The first is a three-year deal focused on Pen’s public sector business, RMP, with QBE providing capacity across property and casualty, financial lines, and motor fleet risks, including police authorities.

The second is a five-year agreement targeting Pen’s hazardous goods, environmental, and bulk liquid industries, covering property and casualty risks as well as excess-of-loss coverage.

Pen Underwriting is the MGA arm of Arthur J. Gallagher, a global insurance brokerage. It specialises in delivering bespoke insurance solutions across various sectors, leveraging its underwriting expertise and partnerships with insurers.

QBE Insurance, a global insurance and reinsurance provider headquartered in Sydney, Australia, offers diverse underwriting solutions spanning property, casualty, and financial lines. Its commitment to this partnership reflects its strength in supporting complex risk portfolios.

Copyright © 2025 InsurTech Analyst

Enjoying the stories?

Subscribe to our weekly InsurTech newsletter and get the latest industry news & research

Investors

The following investor(s) were tagged in this article.