Pen and Markel unveil equine capacity deal

Markel has agreed to provide £25mn of capacity over the next
three years for Pen Underwriting's equestrian products, the MGA
announced today.
The strategic partnership will take effect on 1 May, and will
see Markel provide expertise as well as the £25mn capacity.
Markel has provided coverage for horse and horse-related risks for
over 50 years.
Seb Simmonds, commercial director of Pen Underwriting Delegated
Solutions, said: "The equestrian market presents unique risks
and challenges d