Pen Underwriting has revamped its cyber proposition for large corporates, doubling its excess of loss limit and re-entering the primary market with a broader risk appetite. It now offers large corporates £10m of primary cover, a £15m excess of loss limit and worldwide coverage.

Fiona Maclean, head of corporate cyber at Pen, said: “Our new offering for large corporate clients represents a significant revamp in the best way for brokers and their clients. Our chosen combination of consortium capacity partners underpins Pen’s significantly widened risk appetite for bigger corporate entities and ability to offer worldwide coverage.

“This is particularly great news for brokers specialising in mitigating corporate clients’ cyber exposure who need to know extensive types or sizes of risk can be quoted for and covered, across both primary and XOL [excess of loss] layers.”