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.”


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