Pen Underwriting has extended its capacity agreement with QBE in the UK and Ireland and renewed multi-year deals for public authority risks and risks associated with the hazardous goods and environmental industries.

The first deal relates to RMP (Risk Management Partners) which is Pen’s public sector business. The three-year agreement covers property and casualty, financial lines and motor fleet risks.

The second five-year deal covering risks in the hazardous, environmental and bulk liquid industries extends the relationships between QBE and Pen that has been in place since 2001.

Anna Bennett, director of underwriting, UK Casualty at QBE Europe, said: “We are delighted to be further extending our long-term strategic partnership with Pen and supporting their expertise in delivering significant value, continuity and stability to sectors of fundamental societal and economic importance.

“We are grateful for our Bristol and London based teams who have been pivotal in strengthening and renewing these relationships and we value Pen’s commitment to driving excellent portfolio performance while managing risk in some of the most challenging areas.”