Managing general agent Pen Underwriting has signed an agreement with Bridgehaven Specialty UK Limited to provide capacity for its UK solicitors’ professional indemnity proposition. Pen’s portfolio ranges from sole practitioners up to firms with 20 or more partners. They operate across sectors including personal injury, criminal law, family law and immigration.

Tom Downey, CEO of Pen Underwriting, said: “We are excited to be embarking on this new strategic partnership with Bridgehaven. Since its launch two years ago, as the UK’s first specialist risk-taking hybrid insurer, we have been impressed by the team, their ambition and backing of our sector.

“Their operating model and ethos of working with MGAs based on transparency and trust, their focus on collaborative risk-sharing and their long-term approach to partnership and performance, resonate with our own priorities.”

Paul Jewell, CEO of Bridgehaven, added: “We’re delighted to bring our hybrid insurance model with the transparent relationships it fosters, to Pen Underwriting and its specialist solicitors’ PI portfolio. Our focus is on enabling MGAs, insurers and reinsurers to collaborate more effectively, matching appetites and mutual interests.”