Pen Underwriting has agreed a multi-year strategic partnership with SiriusPoint which will see it provide all the capacity for Pen’s social housing practice. The practice offers not-for-profit housing associations insurance for buildings, incidental contents, property owners’ liability and terrorism.

Simon Perry, managing director of real estate, and head of social housing at Pen Underwriting, said: “Joining forces with a like-minded organisation, known to be a committed capacity provider for MGAs, will enable us to channel more than 20 years of underwriting knowledge and insight into further enhancements for the benefit of our housing association clients.”

Rob Gibbs, CEO of international at SirusPoint, added: “We are looking forward to partnering with the team at Pen as it continues to execute its clear growth strategy, and develop its proposition within the social housing market.”