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There have been a host of new MGAs introduced over the last year and now you can add another to the list as Fidelis Insurance reveals the launch of its first MGA.
Known as Radius, it will focus on niche specialty treaty excess of loss business including cyber, nuclear and PA Retro.
The MGA, which begins writing business from today (November 01), two months earlier than originally planned, will be headed up by Rob Ashton who makes the switch from Hiscox Re where he was head of specialty.
According to a release, Radius is the first MGA launched through Pine Walk Capital Limited – the subsidiary will be led by Rinku Patel who was most recently with Hyperion Insurance Group.
“We are delighted to have joined forces with Rob and Rinku furthering our strategy to sponsor specialist underwriting products,” said Richard Brindle, group chief executive officer of Fidelis. “Rinku’s proficiency in managing MGAs together with our underwriting expertise, make Pine Walk a highly attractive destination for new or existing MGAs.”
