Specialist MGA platform and wholly owned subsidiary of The Fidelis Partnership (TFP), Pine Walk Capital, has announced the launch of Corsiam Specialty, a new accident and health (A&H) MGA.
Backed by TFP Syndicate 3123 at Lloyd’s, Corsiam will underwrite a broad portfolio of global A&H (re)insurance and business.
Mr Tim Morgan, previously at Beazley, will serve as Corsiam’s lead underwriter. Mr Morgan brings over 20 years of experience writing global portfolios within the class.
He is joined by senior underwriter Mr David Walker, who brings 30 years of A&H experience across both the underwriting and broking sectors
Founded in 2017, Pine Walk will now have established 15 MGAs, with the launch of Corsiam, and provides innovative underwriting, operational and regulatory frameworks to support specialist and innovative underwriting offerings.
“With A&H representing a new line of business for TFP, Corsiam is an exciting addition to the Pine Walk platform. It further expands our product capabilities while also supporting the diversification of TFP’s global (re)insurance portfolio and again demonstrates the attractiveness of the Pine Walk proposition for leading underwriters in a class,” said Pine Walk COO Nigel Lee.
Mr Morgan also said, “Mr Walker and I are delighted to be launching Corsiam against a rapidly evolving market backdrop in which clients and brokers are increasingly seeking tailored solutions, significant capacity and trusted partners to insure complex A&H risks.”