Fidelis takes stake in new MGA

Fidelis Insurance has taken an equity stake in a new MGA Kersey Specialty and will be providing underwriting capacity.

Kersey will be run by Paul Calnan and will focus on upstream energy subscription market insurance and will be managed through Pine Walk Capital, Fidelis’ subsidiary MGA platform.

Calnan began his career at Lloyd’s in 1988 with Octavian Underwriting and subsequently developed upstream accounts at Navigators, CV Starr and more recently Ironshore.

“Paul brings extensive knowledge and experience of the Energy Market, including operational, construction and casualty,” said Philip Vandoninck, executive head of partnerships at Fidelis. “Paul’s excellent underwriting track record comes with strong reinsurance support and Fidelis is pleased to collaborate with Paul’s historical relationships. We are pleased to support this new MGA and welcome Paul to the Pine Walk group.”

Calnan added: “I am delighted to be partnering with Fidelis and Pine Walk in creating this new MGA. Our proposition is to provide thoughtful and comprehensive solutions that are appropriate to the genuine needs and wishes of buyers. We look forward to providing a flexible, consistent and prompt service to all of our customers.”