Pen Underwriting extends partnership with Zurich
Pen Underwriting announced the extension of its decades-long strategic collaboration with Zurich in the UK, with a newly expanded and enhanced multi-year capacity deal in support of Pen’s wider fleet insurance offerings.
As of January 1, 2026, Zurich will support Pen’s broader fleet risks portfolio, including its passenger transport field of bus, coach and minibus risks. The deal will also enable Pen to offer terms on new fleet risks from existing customers where a relationship exists in other product areas.
Collectively, the agreement will see Zurich provide capacity for Pen to write in excess of £350 million in premium over the next five years.
In addition to providing insurance solutions for a broader range of fleet risks, the new multi-year capacity deal will see enhanced levels of delegated underwriting and claims authority.
Previously, the agreement with Zurich was focused on providing capacity for Pen’s tailored offerings for motor fleets specifically in the hazardous goods, tankers and environmental industries – such as companies working in fuels & oil, chemicals, lubricants, LPG, liquid & hazardous waste and industrial cleaning as well as non-hazardous tanker operators.
“Not only are we absolutely delighted to secure Zurich’s ongoing capacity commitment in support of hazardous and other bulk liquid fleet risks across the UK, but to be broadening out that partnership to encompass Pen’s other key fleet specialisms. The bus, coach and minibus sector is another highly specialist market, with limited participating insurers, where Pen offers long-held underwriting expertise, which we can now bring to more brokers and more clients. Pen’s longevity in these trades, combined with our lasting strategic collaboration with Zurich and high levels of underwriting and claims authority, means we are ideally placed to provide sustainable solutions and responsive service in sectors that have the potential for complex and catastrophic claims.” – Adam Shefras, Managing Director of Hazardous Goods & Environmental Industries at Pen Underwriting.
“We are delighted to be working with Pen Underwriting in an expanded capacity – building on our long-standing successful partnership. The passion and expertise shown by Pen to ensure the best outcomes for brokers and customers is something we particularly value and we look forward to achieving further success together.” – Gordon Wilmott, Head of Public Services & Pen at Zurich Municipal.
