Product Governance

Target market statements will help you understand who each product is intended for, and who it’s not suitable for, based on our analysis. Our teams have created clear and concise fair value assessments for each of the Pen Underwriting products, so you can see our assessment of the value for your clients.

Please be aware that our target market statements (TMS) and fair value assessments (FVA) are intended to be used by insurance brokers, and are not meant to be shared with policyholders.

If you can’t see a target market statement or fair value assessment, or if any detail is unclear, you are required to notify us.  Please get in touch at agency.uk@penunderwriting.com.

Pen FVA Construction Contractors Combined 2024

Pen Underwriting Commercial excess of loss TMS 112024

Pen Underwriting Construction TMS 112024

Pen Underwriting Risk Managed contractors combined TMS 112024

Agency

Brokers can access our extensive range of products under a single TOBA

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Capacity Partnerships

Our partners include some of the biggest names from the insurance, reinsurance and Lloyd’s markets

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Ethics

Together with our parent company, Gallagher, we have been recognised as one of the World’s Most Ethical Companies

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