London-based Pen Underwriting Ltd. has announced a newly expanded multi-year capacity agreement with Zurich Insurance Company Ltd. to support its fleet insurance business in the U.K., Coverager reported. Effective Jan. 1, 2026, Zurich will provide capacity across Pen’s broader fleet risks portfolio, enabling Pen to write more than 350 million British pounds ($468 million) in premium over the next five years.
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