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29 May 2024 Insurance

Pen shores up marine expert from Lockton as it ‘looks to diversify’

Managing general agent (MGA) Pen Underwriting has bolstered its marine expertise and capabilities by tapping a senior underwriter from broker Lockton, who brings several years of experience from leading names in the marine market, including Thomas Miller, Navigators, Lodestar Marine, British Marine, and Steamship Mutual P&I Club.

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26 April 2024 The multi-year agreement carries the partnership over the 25-year mark.

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24 May 2024 The syndicate received approval from Lloyd’s to commence underwriting in May.

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