Bridgehaven Specialty UK Limited (Bridgehaven), the UK’s leading risk-taking hybrid insurer, can today announce a new strategic partnership with Pen Underwriting, the multi-class multi-territory managing general agent (MGA), in support of the UK solicitors’ Professional Indemnity (PI) market.
The new agreement – effective from 15th August 2025 – sees Bridgehaven provide capacity for Pen’s diverse solicitors’ PI portfolio and underwriting footprint, which ranges from select sole practitioner risks up to firms with 20 or more partners. Pen’s broad underwriting appetite and experience covers both high street firms undertaking a mix of work and specialist firms, focusing on a wide range of areas from personal injury and criminal law to family law and immigration.
Through the in-house expertise of solicitors’ PI claims specialists and its team of experienced, technical trading underwriters, Pen has provided continuous support for the solicitors’ PI market for 25 years – ever since the law profession switched to the commercial market and moved away from its mutual indemnity fund in 2000.
Paul Jewell, CEO of Bridgehaven, commented: “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. Our aspiration is to be the leading hybrid insurer supporting innovative, well positioned MGAs and partner with them to grow highly profitable and therefore sustainable portfolios. We are excited to be in partnership with Pen as they continue their journey.”