Pine Walk GWP set to grow following Imala Re launch
Imala Re, a Latin American and Caribbean property, motor and marine treaty reinsurance MGA operating on The Fidelis Partnership’s Pine Walk platform, has formally begun underwriting as of January 1, 2026 and appointed a deputy chief underwriting officer.
Imala Re will provide a range of catastrophe excess of loss, risk excess of loss, and quota share solutions to a client base comprising both locally domiciled treaty clients and select multinationals.
It is one of 16 active MGAs on the Pine Walk platform, which provides custom underwriting, operational and regulatory frameworks to support their specialist and innovative underwriting offerings. Pine Walk’s GWP is expected to rise to over $1.2 billion in 2025, up from $0.9 billion in 2024.
Edward Herrera joins from MS Reinsurance, where he served as lead underwriter for over a decade. Before this, he was vice president – Latin America and Caribbean at Everest Reinsurance, where he began his career in the early 2000s, and also served as a senior underwriter at Flagstone Reinsurance. Altogether, he brings over 25 years of specialty reinsurance experience and local market expertise to the role.
Based at Imala Re’s Miami headquarters, Herrera will work closely with CEO and chief underwriter Ivan Vega to continue the growth of Imala Re’s Latin American portfolio, serving both regional and non-regional clients.
Vega said: “Having known and worked with Eddy for many years, it’s a real pleasure to be welcoming him to Imala Re. Since our launch in October, the positive reception that we have received from clients and prospects has reaffirmed the market demand for high-conviction, differentiated underwriting and for the leadership needed to tackle increasingly complex and interconnected risks.
“Eddy’s deep market expertise and extensive local market relationships will be invaluable as we seize these opportunities in Latin America and support The Fidelis Partnership’s wider High Growth Markets strategy internationally.”
Herrera added: “I’m delighted to be joining Ivan and Imala Re at this exciting time of growth for the business. To be building out a compelling new MGA offering for the LatAm market whose strengths are complemented by the globally recognised reputation, insights and expertise of The Fidelis Partnership is a uniquely attractive opportunity, and it’s a great pleasure to be getting started.”
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