Pen Underwriting has agreed a multi-year extension of its partnership with SiriusPoint, renewing capacity for its specialist social housing business through to at least 2030, according to a Pen release dated 9 November 2026. The extension enables Pen to write more than £300m in premium over the course of the extended partnership.
The agreement was reached well ahead of the existing deal's expiry and builds on the relationship the two companies established in 2024. SiriusPoint, a global specialty underwriter, continues to provide capacity for Pen's specialist social housing practice.
"Agreeing this extension with SiriusPoint well in advance is a strong endorsement of the partnership we have built together, our disciplined portfolio management and our shared commitment to the social housing sector," said Simon Perry, Managing Director of Real Estate and Head of Social Housing at Pen Underwriting.
"The extension of our distribution partnership with Pen reflects the strength of our relationship and our confidence in the team's expertise, its underwriting approach, and long-term strategy. The social housing sector plays a vital role in supporting communities across the UK, and we are proud to support a market where specialist knowledge, long-term partnerships and stability of capacity remain important. We’re pleased to extend our partnership and look forward to building on our success with Pen in the years ahead," said Patrick Charles, Global Head of P&C Programs at SiriusPoint.
Pen's social housing practice is built on more than 20 years of underwriting experience. It serves the not-for-profit housing association sector with insurance for buildings, contents, property owners’ liability and terrorism.
Pen Underwriting is a multi-class managing general agent. The share of capacity provided by SiriusPoint under the extended agreement was not stated in the release.
