Professional perils

Pen Underwriting in multi-year capacity deal for UK solicitors’ PI

Managing general agent Pen Underwriting has announced a new multi-year capacity deal that will enable it to write in excess of £100 million over the next three years in a move which it said underscored its commitment to the UK solicitors’ professional indemnity (PI) market. The new binder agreement is backed by A-rated security and existing capacity partners.