2 October 2015 Insurance

OIM Underwriting rebrands to Pen Underwriting

Delegated authority specialist OIM Underwriting has joined forces with its sister business, rebranding to Pen Underwriting with immediate effect.

According to Pen, the London-based specialist underwriting business within the Arthur J Gallagher group, the move creates a single cohesive business offering e-traded, delegated and individually underwritten solutions all under one roof.

OIM teams will now be known as Pen Delegated Solutions and will be split in to three specialist areas: household, commercial and international – the latter offering non-UK companies access to Lloyd’s and London market capacity across a wide range of business lines.

The rebrand follows the announcement in May 2015 that delegated OIM Underwriting would come together with Pen Underwriting under one leadership team, led by Mark Armitage as managing director.

“As Pen Underwriting continues to grow we’ve already witnessed the impact of creating a single brand, our product knowledge and experience is stronger; our access to capacity is much wider; and we have a greater ability to invest in our trading relationships and tailor our offering to the needs of our customers,” said Armitage.

“Bringing OIM’s award-winning delegated solutions into Pen Underwriting will allow us to offer even more through a dedicated team of regional development managers — giving brokers and coverholders a real choice about how they trade with us.

“Together we can better demonstrate our distinctive breadth and depth of specialist facilities and full-service virtual insurer offering, whether they are looking for individual risk underwriting, e-traded solutions or the full proposition control that a delegated authority provides for volume business.”

He added: “It’s all part of ensuring we’re easy to do business with, supporting the people we trade with at every point and adding genuine value for capacity partners, policyholders and brokers alike.”

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