The Fidelis Partnership (TFP) subsidiary and managing general agent platform Pine Walk has launched renewables MGA Novagen in collaboration with its chief executive, Valeria Del Villano.
Novagen aims to underwrite a wide range of renewable technologies, including onshore, offshore, construction, and operational projects, on a global scale. The new MGA is designed to enhance TFP’s existing renewables and energy transition offerings.
Del Villano brings significant expertise to her new role, having previously served as AIG’s head of international renewables. Her career also includes underwriting positions at Novae and Gcube.
“Renewables is an area of huge opportunity for the insurance sector, with our solutions essential for the energy industry as it makes the transition,” the Novagen CEO said. “Novagen will differentiate itself from the market through a flexible, agile, and responsive approach to underwriting.
“The Fidelis Partnership has already established itself as a leading market and thought leader in this space through its underwriting expertise and cross-class capabilities, and I look forward to complementing this as we build out Novagen’s own distinct proposition.”
Established in 2017, Pine Walk has now set up nine bespoke MGAs. Last year, the platform saw a 43% increase in gross written premium, reaching US$780 million.
Pine Walk chief executive and TFP group chief operating officer Rinku Patel commented: “We are delighted to further expand our Pine Walk platform with the launch of Novagen. Pine Walk is an important source of both growth and complementary underwriting expertise for the wider group.
“Pine Walk offers the market’s most talented and entrepreneurial underwriters a unique platform from which to build a business while being able to focus solely on underwriting, and its continued expansion makes clear how compelling a proposition this is.”
Pine Walk owner TFP is separately owned and managed from the ownership and management of Fidelis Insurance Group.
What do you think about this story? Share your thoughts in the comments below.
