Source Strengthens Home Insurance Panel With The Addition of Pen Underwriting

26 October 2026

Source Insurance has welcomed non-standard home specialist Pen Underwriting onto its Source Home insurer panel, strengthening their longstanding partnership and expanding cover options across a wider range of household risks.

Bringing the benefits of peril-based rating and data enrichment to automate risk acceptance, Pen’s inclusion on the panel enhances underwriting depth across diverse property types and risk profiles, including flood-exposed homes due to Pen’s Flood Re capability.

Pen Underwriting also brings a well-established reputation for specialist underwriting expertise and comprehensive cover options. As one of the UK’s largest MGAs with a dedicated team focused on insuring non-standard homes and homeowners, its addition to the panel reflects a shared commitment to delivering accessible, high-quality solutions for advisers.

The increased capacity allows advisers to place both standard, and complex, risks with greater flexibility and confidence when quoting through Source Insurance. This move supports a strategic focus on improving risk coverage, accessibility, capacity and choice.

Jonathan Pinkerton, Finance and Insurer Relationship Director at Source Insurance, said:

“Our strategy is centred on making it easier for advisers to place GI business with confidence. Expanding our panel with Pen Underwriting broadens our risk appetite and underwriting capability, including more support for flood-exposed properties where appropriate. This strengthens our overall proposition and reinforces our commitment to sustainable growth and adviser support.”

Leo Downes, Head of Household and Personal Lines at Pen Underwriting, added:

“Source Insurance shares Pen’s focus on making the specialist available as standard, through effective partner collaboration. With the rising demand for specialist home insurance, we’re delighted to be bringing our comprehensive cover options including Flood Re capability to even more customers with non-standard needs through Source’s network of trusted advisers.”