Pen Underwriting Canada announced that it will continue to support the non-profit D&O sector despite challenging market conditions.
On top of this announcement, the firm also revealed that it is still investing in a purpose-built e-trading platform “to facilitate the growth of [the D&O] line.”
Search and compare insurance product listings for Non-Profit Organizations from specialty market providers here
According to a release, Pen Canada’s e-trading platform offers the following benefits:
- A+ rated capacity
- Ability to quote, bind & issue policy within five minutes and all online
- Quote and policy saved within platform for easy download
- Fully mobile and accessible on the go, requiring only internet access
“Market conditions are tough in not-for-profit D&O and we have seen some of our peers exiting this line,” said Pen Canada underwriting director Glenn Woodard. “However it has always been, and remains, a key class for us and one we are fully committed to, as we have market leading expertise and experience to navigate through the challenges.”
Related stories:
Are there more women in insurance c-suites yet?
Advocis looks to 2015 after taking over the APA
.jpg)
