Pen Underwriting Overview
- Year Founded
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2004
- Status
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Acquired/Merged
- Employees
-
306
- Latest Deal Type
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Early Stage VC
- Investors
-
1
Pen Underwriting General Information
Description
Provider of insurance products and underwriting services intended to offer multi-class and multi-territory insurance as a virtual insurer. The company constructs insurance products combining all the security and capabilities expected from an insurance company apart from entrepreneurial energy, niche expertise, and flexibility like MGAs, enabling customers, colleagues, cover holders, brokers, and capacity providers to add value to the underwriting and distribution business while covering up insurance under the same roof.
Contact Information
Website
www.penunderwriting.co.uk(Operating Subsidiary)
Corporate Office
- 67 Lombard Street
- London EC3V 9LJ
- England, United Kingdom
Corporate Office
- 67 Lombard Street
- London EC3V 9LJ
- England, United Kingdom
Pen Underwriting Valuation & Funding
| Deal Type | Date | Amount | Raised to Date | Post-Val | Status | Stage |
|---|---|---|---|---|---|---|
| 2. Early Stage VC | Completed | Generating Revenue | ||||
| 1. Merger/Acquisition | 17-Sep-2008 | Completed | Generating Revenue |
Pen Underwriting Comparisons
Industry
Financing
Details
000000
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Pen Underwriting Competitors (9)
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| Kentro Capital | Formerly PE-Backed | London, United Kingdom | 000 | 00.000 | 000000&0 | 00.000 |
| Manchester Underwriting Management | Corporate Backed or Acquired | Chesham, United Kingdom | 00 | 000000&0 | ||
| U.S. Risk Insurance Group | Private Equity-Backed | Dallas, TX | 000 | 0000 | 000000000000 | 0000 |
| Apollo Syndicate Management | Private Equity-Backed | London, United Kingdom | 000 | 000.00 | 0000000 0000 | 000.00 |
| TAPCO Underwriters | Corporate Backed or Acquired | Burlington, NC | 000 | 000000&0 |
Pen Underwriting Related Research & Analysis
Explore institutional-grade private market research from our team of analysts.
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Verticals
Pen Underwriting Executive Team (7)
| Name | Title | Board Seat |
|---|---|---|
| Tom Downey | Chief Executive Officer & Board Member | |
| Catriona Thompson | Chief Financial Officer | |
| Sarah Breslin | Managing Director, Speciality & Board Member | |
| Richard Webb | Managing Director, UK Financial Lines & Specialist Liability | |
| Nicholas Wright | Chief Business Development Officer |
Pen Underwriting Board Members (13)
| Name | Representing | Role | Since |
|---|---|---|---|
| Charles Crawford | Self | Board Member | 000 0000 |
| Charles Scott | Self | Board Member | 000 0000 |
| David Cousins | Self | Board Member | 000 0000 |
| Louise Patten | Self | Board Member | 000 0000 |
| Sarah Breslin | Pen Underwriting | Managing Director, Speciality & Board Member | 000 0000 |
Pen Underwriting Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
15.0K
Majestic Referring Domains
314
Pen Underwriting Acquisitions (5)
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| Wrightway Underwriting | 05-Jun-2024 | 0000000000 | Insurance Brokers | 0000000 0 | |
| Fender Marine | 06-Jul-2023 | 0000000000 | Insurance Brokers | 000 00000 | |
| Freeboard Maritime | 03-Apr-2023 | 0000000000 | Insurance Brokers | 000 00000 | |
| Trafalgar Marine Trades | 03-Apr-2023 | 0000000000 | Insurance Brokers | 000 00000 | |
| Tay River Holdings | 01-Apr-2023 | Merger/Acquisition | 000.00 | Commercial/Professional Insurance |
Pen Underwriting Subsidiaries (5)
| Company Name | Industry | Location | Founded |
|---|---|---|---|
| Freeboard Maritime | Insurance Brokers | London, United Kingdom | 2022 |
| Contego Underwriting | Other Insurance | London, United Kingdom | 0000 |
| Fender Marine | Insurance Brokers | Bergen, Norway | 0000 |
| Zennor | Other Insurance | London, United Kingdom | 0000 |
| Wrightway Underwriting | Insurance Brokers | Wexford, Ireland | 0000 |
Pen Underwriting FAQs
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When was Pen Underwriting founded?
Pen Underwriting was founded in 2004.
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Who is the CEO of Pen Underwriting?
Tom Downey is the CEO of Pen Underwriting.
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Where is Pen Underwriting headquartered?
Pen Underwriting is headquartered in London, United Kingdom.
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What is the size of Pen Underwriting?
Pen Underwriting has 306 total employees.
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What industry is Pen Underwriting in?
Pen Underwriting’s primary industry is Other Insurance.
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Is Pen Underwriting a private or public company?
Pen Underwriting is a Private company.
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What is Pen Underwriting’s current revenue?
The current revenue for Pen Underwriting is 000000.
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Who are Pen Underwriting’s competitors?
Kentro Capital, Manchester Underwriting Management, U.S. Risk Insurance Group, Apollo Syndicate Management, and TAPCO Underwriters are some of the 9 competitors of Pen Underwriting.
-
Who acquired Pen Underwriting?
Pen Underwriting was acquired by Arthur J. Gallagher & Company.
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