Specialist MGA platform and wholly owned subsidiary of The Fidelis Partnership (TFP), Pine Walk, has launched Arenite Specialty.
Arenite will write surety and credit risk insurance initially focussed on Australia and APAC, among other regions.
“We are delighted to launch Arenite as Pine Walk’s 13th MGA. Arenite aligns with our strategy to incubate high-quality MGAs that bring valuable diversity by both product and geography,” said Pine Walk COO Nigel Lee.
“Surety and structured credit are products that TFP has a deep understanding of and we are excited by the opportunity Arenite has to build out a unique offering for Australia and Asia Pacific.”