Pine Walk adds new A&H MGA

Pine Walk, the specialist MGA incubator of The Fidelis Partnership, has launched a new accident & health (A&H) MGA.

The Bermuda-based firm has appointed Tim Morgan, formerly a personal accident underwriter at Beazley, to lead the new MGA which brings its total to 13..

A&H represents a new line of business for TFP as it further diversifies of its re/insurance portfolio. Earlier this month, TFP launched an international casualty MGA, Sevanta. 

The new A&H MGA is expected to launch later in 2025, targeting a broad portfolio of global A&H business, bringing the number of specialty MGAs launched under the aegis of Pine Walk to 13. 

Other Pine Walk MGAs include Silverflame Re, which writes broad specialty reinsurance business; Radius, which underwrites specialty treaty reinsurance and retro excess of loss programmes; and Tiomanta, which underwrites a broad book of re/insurance energy transition and green energy risks. 

Pine Walk provides a range of services that enables entrepreneurial underwriters to set up their own specialist MGA.  

In 2024, Pine Walk’s gross written premiums grew by 11% to $900 million. It expects to surpass $1 billion in GWP this year.

Rinku Patel (pictured), CEO of Pine Walk, said: “We are delighted to be able to welcome an underwriter of Tim’s reputation to launch a new Pine Walk cell. The A&H market represents over $7 billion of annual premium and brokers and clients are seeking partners who can insure complex risks and provide significant capacity. 

“Tim’s underwriting pedigree, relationships and track record make him the perfect fit for TFP and Pine Walk. Launching into A&H also complements our strategy to broaden our portfolio, and follows closely the launch of Sevanta, our first casualty MGA. We look forward to going live with Pine Walk’s thirteenth MGA later this year.”

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