Manchester Underwriting Management
Manchester Underwriting Management is a UK specialty Managing General Agent founded in 2010, distributing Professional Indemnity, D&O, Management Liability, Crime, Cyber, Casualty, and Pension Trustees Liability through insurance brokers on behalf of A-rated carriers including Great Lakes, Zurich, IGI, and Lloyd's.
- Company typePrivate
- Founded2010
- HeadquartersChesham, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Manchester Underwriting Management does
Manchester Underwriting Management (MUM) is a UK specialty Managing General Agent (MGA) founded in 2010, focused on liability insurance lines distributed exclusively through professional insurance brokers. Its product portfolio covers Professional Indemnity (PI), Directors & Officers (D&O) Liability, Management Liability, Crime, Cyber, Casualty, and Pension Trustees Liability, targeting UK-based professional service firms, pension trustees, and corporate insureds. The firm operates from multiple UK offices — London (Lombard Street and Lime Street/London Market), Leeds, Bristol, and Perth (Scotland) — and is part of the Pen Underwriting group following its October 2021 acquisition by Pen Underwriting Limited, under whose FCA authorisation (reference 314493) it operates.
MUM underwrites on behalf of capacity providers that include Great Lakes Insurance SE, Zurich Insurance PLC, International General Insurance Company (IGI), and Lloyd's for its London Market division. As an MGA, it acts as an intermediary that prices, binds, and sometimes services specialty liability risks on behalf of these carriers, earning commission and fee income. Distribution is B2B2B: the firm does not sell directly to insureds but relies on its broker panel and external endorsements, including its status as a BIBA recommended product and its CGPA Europe partnership (in place since 2016), supplemented by legal-support arrangements such as the Mills & Reeve partnership.
The business remains small by headcount (11–50 employees) and has not publicly disclosed revenue. Its growth strategy is evidenced by the 2022 launch of a Lloyd's-supported London Market division, the introduction of Cyber and Pension Trustees Liability products, and its integration into the broader Pen Underwriting platform. The technology stack is not publicly described in detail, and no AI/ML capabilities are disclosed; underwriting decisions appear to be expert-judgment based, supported by conventional specialty insurance technology.
Manchester Underwriting Management firmographics
Firmographics- Name
- Manchester Underwriting Management
- Legal name
- Manchester Underwriting Management
- Website
- https://manchesterunderwriting.com
- Company type
- Private
- Founded year
- 2010
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Manchester Underwriting Management is a UK specialty Managing General Agent founded in 2010, distributing Professional Indemnity, D&O, Management Liability, Crime, Cyber, Casualty, and Pension Trustees Liability through insurance brokers on behalf of A-rated carriers including Great Lakes, Zurich, IGI, and Lloyd's.
- Ownership category
- akta.pro rank
Manchester Underwriting Management industry classification
Industry- Product category
- Specialty Insurance Underwriting
- NAICS
- Insurance Agencies and Brokerages (52421), Other Insurance Related Activities (52429)
- SIC
- Insurance Agents, Brokers & Service (6411)
- akta.pro primary industry
- Insurance Program Administration & MGA/MGU Services (FSAEADAK)
Keywords
Where Manchester Underwriting Management is headquartered
LocationHeadquarters
- HQ city
- Chesham
- HQ country
- United Kingdom
- HQ region
- Europe
Offices5 records
Markets served
Manchester Underwriting Management business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D
Revenue model
- Insurance Underwriting Premiums: As a Managing General Agent (MGA), Manchester Underwriting Management underwrites insurance policies on behalf of insurance carriers (Great Lakes Insurance SE, Zurich Insurance PLC, Great Lakes Insurance UK Limited, International General Insurance Company) and earns commissions on premiums written.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Annual | Limits of indemnity up to £5 million on Aggregate or Any One Claim basis |
Go-to-market motion1 record
Distribution channels2 records
Marketing channels5 records
Manchester Underwriting Management product offering
Product offeringCore offering
Manchester Underwriting Management is a specialist underwriting agency operating as a Managing General Agent (MGA), underwriting specialty liability and casualty insurance products on behalf of insurance carriers, primarily for the Lloyd's London Market Division. Founded in 2010 and operating as a trading name of Pen Underwriting Limited since October 2021, MUM focuses on professional and management liability lines distributed exclusively through appointed insurance brokers.
Product overview
Manchester Underwriting Management is a specialty underwriting agency offering a comprehensive portfolio of insurance products primarily for UK and London Market risks. The core product lines include Professional Indemnity (with 10 profession-specific sub-products: Accountants, Architects, Consulting Engineers, Design & Construct, IT, Media, Miscellaneous, Property Professionals, Healthcare, and Insurance Brokers), combined PI with Liability coverage, Casualty and Casualty Excess of Loss products, Directors & Officers Liability, Management Liability, Cyber, Pension Trustees Liability, and Excess Layers. The company writes both primary and excess layer business, backed by A-rated security including Lloyd's capacity. Key differentiators include industry-specific wordings, flexible underwriting approach, limits up to £5 million, and Annual Automatic Renewals with monthly instalment payment options for small businesses. Manchester Underwriting Management operates as a division of Pen Underwriting Limited (acquired October 2021) with offices in London (Lombard Street and Lime Street), Leeds, Bristol, and Perth.
Differentiator
Problem solved
Functional benefit
Products and services
- Professional Indemnity Insurance Professional indemnity coverage underwritten for businesses and professionals requiring protection against claims of negligent acts, errors, or omissions in the provision of professional services. Distributed exclusively through appointed insurance brokers.
- Directors and Officers Liability Insurance Directors and Officers liability cover underwritten to protect company directors and officers against claims arising from decisions made in the course of their duties. Distributed exclusively through appointed insurance brokers.
- Management Liability Insurance Management liability cover underwritten to protect corporate executives and management teams against a range of employment-related and management-driven claims. Distributed exclusively through appointed insurance brokers.
- Casualty Insurance Casualty insurance underwritten for commercial insureds requiring general liability-type coverage. Distributed exclusively through appointed insurance brokers.
- Cyber Insurance Cyber liability cover underwritten to protect businesses against losses arising from cyber incidents, data breaches, and related exposures. Distributed exclusively through appointed insurance brokers.
Companies that use Manchester Underwriting Management
Customer profileSegments6 records
Ideal customer profiles2 records
Manchester Underwriting Management technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
Manchester Underwriting Management partnerships and signals
Strategic signalPartnerships
Seven partnerships are on record, tiered core and major.
- CGPA Europe / Great Lakes Insurance UK LimitedcoreMUM has partnered with CGPA Europe since 2016. CGPA has specialized in insurance intermediaries' PI for over 85 years. With Brexit, business is now written by Great Lakes Insurance UK Limited (rated Very Strong AA- by S&P), with CGPA remaining involved as reinsurer.
- Great Lakes Insurance SEcoreMUM underwrites on behalf of Great Lakes Insurance SE, which is on the ICAEW and ICAS lists of approved insurers for chartered accountants' PI coverage.
- Zurich Insurance PLCcoreMUM underwrites on behalf of Zurich Insurance PLC, which is on the ICAEW and ICAS lists of approved insurers. Zurich provides capacity for chartered accountants' PI coverage.
- International General Insurance Company (UK) LimitedcoreIGI provides capacity for property professionals/valuers. Rated A- by A M Best. On the RICS Approved Insurer list.
- Mills & ReevemajorMills & Reeve provides free legal support team for insurance brokers. Offers early claims advice service when an insurer has reserved its rights or declined cover. Major UK law firm ranked first in UK for client satisfaction in Legal Week annual survey.
- Sedgwick International UK LtdmajorMUM has partnered with Sedgwick International UK Ltd for casualty claims handling. Sedgwick has a dedicated team supported by experienced chartered loss adjusters with nationwide coverage.
- Lloyd'scoreLondon Market division backed by Lloyd's capacity, operating from Lime Street in London - the heart of the global insurance marketplace.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Manchester Underwriting Management competitors and assessment
Company assessmentBroad incumbents
- QBE Insurance: Global specialty insurer with a substantial UK Professional Indemnity and D&O book distributed through brokers. Overlaps with MUM on professional lines and SME segments but operates as a balance-sheet carrier across a much wider portfolio.
- Tokio Marine Kiln: Lloyd's managing agency writing professional indemnity, D&O, management liability and crime lines for brokers. Comparable London Market product mix and distribution channel to MUM's London Market division, though at materially greater scale.
- Hiscox: Lloyd's-listed specialty insurer and MGA with a major UK Professional Indemnity and D&O franchise. Serves the same professional and SME broker channel as MUM but operates at significantly greater scale and balance sheet.
- Chubb: Global specialty P&C insurer with established UK Professional Indemnity and Management Liability offerings distributed through brokers. Competes with MUM in the same mid-market professional segments but with significantly broader geographic and product reach.
- Beazley: Lloyd's-listed specialty insurer with a market-leading professional indemnity franchise including accountants', architects' and consultants' PI. Overlaps directly with MUM's target professions but operates as a balance-sheet carrier rather than a pure MGA.
- Liberty Specialty Markets: Lloyd's-based specialty carrier within Liberty Mutual writing professional indemnity, D&O and management liability for UK and international brokers. Comparable London Market product set and broker distribution to MUM's London Market division at larger balance-sheet scale.
Direct peers
- Dual Corporate Risks: UK-headquartered MGA specialising in financial lines including D&O, PI, crime and pension trustees liability, distributing exclusively through brokers. Closely comparable niche, distribution model and product set to Manchester Underwriting Management.
- NPA Insurance: UK specialist insurance intermediary focused on Professional Indemnity for specific professions, distributing through brokers. A closely comparable niche PI specialist to MUM's vertical wordings strategy, particularly in the accountants and consultants segments.
- CFC Underwriting: London-based specialty MGA writing professional lines, cyber, D&O and management liability through Lloyd's and other carrier capacity. Operates an analogous MGA model to MUM with similar broker-only distribution and a focus on professional and financial lines.
- Ascot Group: Specialty insurance group combining underwriting and MGA capabilities at Lloyd's, with a focus on professional and financial lines distributed through brokers. Operates a hybrid carrier/MGA model with product set comparable to MUM's.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Manchester Underwriting Management social profiles
Digital presenceManchester Underwriting Management financial estimates
Financial estimateRevenue estimate
Valuation estimate
Manchester Underwriting Management leadership team
Management profileNumber of profiles
Manchester Underwriting Management funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Manchester Underwriting Management M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Manchester Underwriting Management
What does Manchester Underwriting Management do?
Manchester Underwriting Management is a specialist underwriting agency operating as a Managing General Agent (MGA), underwriting specialty liability and casualty insurance products on behalf of insurance carriers, primarily for the Lloyd's London Market Division. Founded in 2010 and operating as a trading name of Pen Underwriting Limited since October 2021, MUM focuses on professional and management liability lines distributed exclusively through appointed insurance brokers.
Is Manchester Underwriting Management a public or private company?
Manchester Underwriting Management is a private company. It is classified as corporate owned and is currently operating.
When was Manchester Underwriting Management founded?
Manchester Underwriting Management was founded in 2010. It employs 11 to 50 people.
Where is Manchester Underwriting Management based?
Manchester Underwriting Management is headquartered in Chesham, United Kingdom, in the Europe region.
How does Manchester Underwriting Management make money?
One revenue line is on record: insurance Underwriting Premiums.
Who are Manchester Underwriting Management's main competitors?
Broad incumbents on record are QBE Insurance, Tokio Marine Kiln, Hiscox, Chubb, Beazley and Liberty Specialty Markets. Direct peers are Dual Corporate Risks, NPA Insurance, CFC Underwriting and Ascot Group.
Does Manchester Underwriting Management have an API?
No public API is recorded for Manchester Underwriting Management.
What industry is Manchester Underwriting Management in?
Manchester Underwriting Management's product category is Specialty Insurance Underwriting. Its primary akta.pro industry code is FSAEADAK, Insurance Program Administration & MGA/MGU Services. Its NAICS code is 52421 and its SIC code is 6411.