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Pen Underwriting launches IP insurance product

November 16, 2023


Pen Underwriting, an Arthur J. Gallagher & Co. subsidiary, has launched a new flexible intellectual property (IP) cover to protect against rising risk of infringement.

The launch follows Pen’s investment earlier this year to create a dedicated new IP underwriting practice led by Erik Alsegard – who was appointed Head of Intellectual Property back in March – to drive the development of a comprehensive portfolio of IP risk solutions.

Backed by insurer Tokio Marine Kiln (TMK), the new proposition is aimed initially at UK businesses with plans in place for international roll-out.

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