Pen Underwriting has announced a new multi-year capacity deal that will enable it to write in excess of £100m of UK solicitors’ professional indemnity over the next three years. It will use the new capacity to continue providing primary cover of up to £3m to insureds ranging from sole practitioners to firms with 20 or more partners.

Paul Crilly, head of solicitors’ PI at Pen Underwriting, said: “With the UK solicitors’ PI market having stabilised, the focus of brokers on quality of service, proposal turnaround time and ability to access complementary covers is greater than ever, and rightly so.

“We know how much brokers value our long-term commitment to providing protection to UK law firms but the speed, accessibility and willingness of our skilled underwriters to trade, as well as our claims specialists to respond, will always be the daily deliverables by which we judge ourselves.”

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