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.
