Pen Underwriting extends strategic partnership with QBE

The area of hazardous goods and environmental industries is certainly highly specialist so combining two forces with high levels of expertise in the area creates quite the proposition – and that is exactly what Pen Underwriting has achieved by extending its strategic partnership with QBE.

Coming into effect on January 01, 2018, the partnership will now offer brokers and their clients in Ireland access to enhanced cover as well as a wider trade underwriting footprint.

The companies have been in partnership for the last 15 years and now their agreement in the UK will be mirrored in Ireland. This means QBE will provide capacity in areas such as property and casualty risks in this specialist sector for companies involved with chemicals, hazardous and liquid waste, tank and boiler installation, lubricants, fuels and environmental consultancy.

“It’s great to be extending our UK property and casualty capacity partnership with QBE into the Irish market, where our appetites to grow and expand in this specialist sector are well aligned,” said Adam Shefras, managing director of hazardous goods and environmental industries at Pen Underwriting. “The ability to widen our underwriting footprint within our core trade areas to mirror our UK offering is also excellent news for our broker partners and we look forward to working together to help even more clients manage and mitigate their risks.”

According to a release, key features of Pen’s Hazardous Goods & Environmental enhanced property & casualty wording, include:

• 24/7 Emergency environmental spill response service - 365 days a year
• High limits of indemnity available for public liability
• Environmental statutory liability - for all sums including statutory debts relating to remediation costs arising from environmental damage, up to the limit of indemnity
• Stock cost fluctuation protection - to manage cost variations
• Increased cost of working - extended to cover damage to motor vehicles / tankers following loss at own premises
• Own site spillage clean-up costs - flexible limits available, covering cost of stock debris removal and clean-up on own land following sudden and unforeseen spillage

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