This makes the Berkeley Alexander’s panel the broadest intermediary panel available on the market, with 17 products.
The Pen Home policy covers risks that e-traded systems normally exclude, for example underpinned properties, listed buildings and buildings undergoing renovations or building works. It also covers more unusual property types such as holiday homes, unoccupied properties and homes used for business while accommodating a wide range of occupant types including people with criminal convictions and people with adverse financial or insurance history. Properties with previous subsidence will also be considered on an individual basis, depending on the details of the risk.
It offers blanket sums insured for buildings up to £1million and contents up to £75,000.
Mark Hutchings, Managing Director of Berkeley Alexander, said: “We’re delighted to welcome Pen Underwriting to the panel. Pen really brings something new to the table in terms of its underwriting appetite, with such broad and flexible cover options and limits available. We’re proud that through our panel, brokers have access to one of the widest choices of quality GI policies available anywhere in this sector of the market to suit every level of customer need and budget.”
Andy Westby, Managing Director of Pen Underwriting’s e-Solutions business, added: “Being easy to do business with remains a top priority for Pen, so we’re really pleased to join Berkeley Alexander’s online panel with our non-standard home solution. Our innovative auto-rating of hard-to-place risks without need for separate referral to an underwriter, combined with Berkeley Alexander’s distribution, means we can provide more brokers, with faster access to more cover options for a much wider range of risks. And for non-standard customers, that means more choice, more often.”
For further information please contact: SJ Wrigley, Spotlight Consulting: firstname.lastname@example.org 07909546104
About Berkeley Alexander Ltd:
Berkeley Alexander Ltd is a general insurance provider, offering IFAs and mortgage brokers a wide range of personal and commercial lines of insurance. Drawing on a large number of insurers, it’s known for its broad range of competitively-priced products; and for its innovative approach to distributor partnerships.
About Pen Underwriting:
Pen Underwriting is a multi-class, multi-territory managing general agent (MGA) that operates as a virtual insurer, meaning it can fulfil all the typical functions of an insurance company — from sales, distribution, pricing and product innovation through to claims, analytics and governance — except carry risk.
Pen Underwriting has four divisions — Commercial, Specialty, International & Financial Lines and Volume — offering a wide and growing range of specialisms from e-Solutions and delegated authorities for volume business through to specialty products with individual underwriting for hard-to-find placements. With a national branch presence across 15 locations, more than 350 insurance professionals and generating more than £500m GWP, Pen Underwriting is one of the largest underwriting agencies in the UK.