About Pen Underwriting
Pen Underwriting is a Financial Services company based in London (United Kingdom) founded in 2014. Insurance underwriting services are provided to clients by Pen Underwriting. Pen Underwriting has completed 2 acquisitions, including Fender Marine and Wrightway Underwriting. Its chief executive, as recorded, is Tom Downey. Pen Underwriting offers products and services including Commercial Insurance and Cyber Risk Management. Its focus areas include Insurance Underwriters.
Company details
Pen Underwriting offers Commercial Insurance, Cyber Risk Management while focusing on offering financial products and advice, and insurance underwriters. Provider of insurance underwriting services. Delivering reliable solutions, it emphasizes quality, efficiency, and meeting diverse client needs. It continues to evolve, meeting industry challenges with strategic approaches.
- Headquarters London, United Kingdom
- SectorsFinancial Services
- Website category Finance · Insurance
- Phone•••• ••••
- Website penunderwriting.co.uk
- Social LinkedIn X
- Legal Name Pen Underwriting
- Annual Revenue$68.2 M (USD)2as on Dec 31, 2022
- Net Profit$1.89 M (USD)-84as on Dec 31, 2022
- EBITDA$7.92 M (USD)-37as on Dec 31, 2022
- Latest Funding Round$131.18M (USD), Debt – Conventional
Aug 2020
- Investments & AcquisitionsFender Marine
& 1 more
Products & Services of Pen Underwriting
Pen Underwriting offers a comprehensive portfolio of products and services, including Commercial Insurance and Cyber Risk Management.
Commercial insurance services are provided for various risks, including those in construction and financial lines.
A platform for cyber risk management is offered to empower brokers in addressing cyber threats.
Funding Insights of Pen Underwriting
- Total Rounds 1
- Last Round Debt – Conventional — $131.18M
- First Round $131.18M
(Aug 2020)
All 1 funding rounds of Pen Underwriting with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2020 | $131.18M | Debt – Conventional | – | – | – |
People of Pen Underwriting
41 people are tracked at Pen Underwriting (17 in leadership, 24 in team).
| Name | Role | Group |
|---|---|---|
Tom Downey | CEO | Leadership |
Hannah Fry | Chief Operating Officer | Leadership |
Catriona Thomson | Chief Financial Officer | Leadership |
Nick Wright | Chief Business Development Officer | Leadership |
Stephen Bushby | Head Of Claims Operations | Leadership |
Rob Chapman | Managing Director | Leadership |
Ian Summerfield | Managing Director - International Cyber, D&o And PI | Leadership |
Emilia Thomas | Talent Acquisition Partner | Leadership |
Nicola Parrott | Head Of Business Operations | Leadership |
Simon Foweraker | Managing Director, Construction Division | Leadership |
Dawne Chandler | Head Of Claims Oversight And Performance | Leadership |
Rebecca Perry | Head Of Online Underwriting Services | Leadership |
Deanne Weaver | Operations Director - Hazardous Goods & Environmental | Leadership |
Robin Peddell Fcmi | Head Of Operations - Pen Real Estate | Leadership |
Matthew Lucas | Chief Operating Officer | Leadership |
Caroline King | Trading & Operations Director SME & PL | Leadership |
Laurence Andrews | Director Of Pricing & Insight | Leadership |
Liam Sattin | Assistant Underwriter, Cyber | Team |
Kenneth Crichton | IBA SME | Team |
Christopher Cox | Operational Analyst | Team |
21 more people are available in the full profile.
Complete people profiles for Pen Underwriting
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
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- Professional contacts
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Investments & Acquisitions by Pen Underwriting
Pen Underwriting has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Fender Marine and Wrightway Underwriting.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Wrightway Underwriting is engaged in providing insurance solutions through brokers in Ireland. | wrightway.ie | Wexford, Ireland | 1999 | Jun 2024 | •••• | |
Life and boat insurance services are offered by Fender. | fender.no | Bergen, Norway | 2005 | Jul 2023 | •••• |
Complete acquisition details for Pen Underwriting
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Pen Underwriting
4 dated milestones of Pen Underwriting across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Pen Underwriting is founded.
- Funding First funding round of $131.2M.
- Acquisition Acquires Fender Marine.
- Acquisition Acquires Wrightway Underwriting.
Web traffic of Pen Underwriting
The website of Pen Underwriting (penunderwriting.co.uk) receives about 6.6K visits a month and ranks #3,218,242 among all websites worldwide, #7,942 in Insurance.
- Monthly visits6.6K
▲ 5.1% vs previous month
- Unique visitors2.7K
per month
- Global rank#3,218,242
among all websites
- Category rank#7,942
Finance · Insurance
- Bounce rate51%
- Pages per visit1.6
- Average visit2 min 25 sec
- DevicesDesktop 53% · Mobile 47%
Websites whose visitors overlap most with Pen Underwriting. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
mgaa.co.uk | mgaa.co.uk | 100% | #2,239,726 | – | |
| policybee.co.uk | 86% | 64.1K | #570,915 | View details | |
hiscox.co.uk | hiscox.co.uk | 86% | #239,351 | – | |
| postonline.co.uk | 86% | #1,296,918 | View details | ||
| wtwco.com | 86% | 475.1K | #126,973 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for Pen Underwriting
The complete similar-websites list, audience overlap and engagement analytics require an active premium plan.
- 7 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Top companies in Insurance & Risk Management
2 companies that operate in the same segment as Pen Underwriting (Insurance & Risk Management) in United Kingdom, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Vehicle parts and accessories are sold via an online platform. | 1897 | Walsall, West Midlands, United Kingdom | USD 20.37 M | |||
Insurance and asset management services are offered in multiple regions. | 1696 | London, England, United Kingdom | USD 78.79 B | 29,090 |
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Related news about Pen Underwriting
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Frequently Asked Questions about Pen Underwriting
Pen Underwriting was founded in 2014 and raised its 1st funding round 6 years after it was founded.
Pen Underwriting is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Tom Downey is the CEO of Pen Underwriting, as recorded in our data.
Annual revenue of Pen Underwriting is $68.2M as on Dec 31, 2022.
Pen Underwriting offers Commercial Insurance, Cyber Risk Management while focusing on offering financial products and advice, and insurance underwriters. Provider of insurance underwriting services. Delivering reliable solutions, it emphasizes quality, efficiency, and meeting diverse client needs. It continues to evolve, meeting industry challenges with strategic approaches.
Pen Underwriting offers Commercial Insurance and Cyber Risk Management.
Pen Underwriting has made 2 acquisitions, including Fender Marine, and Wrightway Underwriting.
Pen Underwriting operates through Pen Underwriting.