The Fidelis Partnership Launches MGA Seraphina, Led by Sanders From Probitas 1492

Pine Walk Capital Ltd., the specializer MGA incubator level and wholly owned subsidiary of The Fidelis Partnership, announced the motorboat of the MGA Seraphina.

Seraphina volition constitute a wide portfolio of planetary spot business, complementing and diversifying The Fidelis Partnership’s existing spot D&F publication and supporting the BRICS+ strategy to broaden the geographical footprint of the business

The motorboat besides marks a instrumentality to the institution for Kelly Sanders, who was formerly a elder underwriter with the business. Sanders joins from Probitas 1492 wherever she was a elder underwriter and, anterior to her past play with Fidelis Insurance, spent implicit 10 years successful elder underwriting roles for StarStone and FM Global.

“The planetary spot marketplace is expanding, wrong the wide discourse of a increasing planetary system arsenic good arsenic a heightened hazard environment, driven, successful part, by clime change,” commented Sanders, laminitis and main underwriting serviceman of Seraphina.

“We’re seeing peculiar appetite for security from wrong the BRICS+ region. From experience, I cognize that nary institution is amended placed to capitalise connected these changes and opportunities than The Fidelis Partnership and I can’t hold to enactment with the squad again,” she added.

Launched successful 2017, Pine Walk Capital Ltd. has present established 10 MGAs providing customized underwriting, and operational and regulatory frameworks to enactment specializer and innovative underwriting offerings. In 2023, Pine Walk’s GWP grew 43% to $780 million.

“We’re delighted to motorboat Seraphina arsenic we proceed to turn the Pine Walk level successful enactment with our expectations to surpass $1bn successful GWP adjacent year,” according to Rinku Patel, radical COO of The Fidelis Partnership and CEO of Pine Walk.

“Profitable maturation is simply a earthy effect of the disciplined attack we instrumentality wrong the markets we’ve entered. We’re besides delighted to invited Kelly backmost to group, she has the heavy spot of the enactment squad and a ample pursuing successful the market,” Patel said. “Her solution-based underwriting attack has made her a sought-after spouse for brokers and their clients, and we are excited for her to start.”

The Fidelis Partnership is simply a privately-owned, Bermuda-based managing wide underwriter, which, done its subsidiaries, is simply a planetary underwriter of property, bespoke and specialty security and reinsurance products. The Fidelis Partnership is separately owned and managed from the ownership and absorption of Fidelis Insurance Group.

Source: The Fidelis Partnership

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