Fidelis Insurance announced it has taken an equity stake in a new managing general agent, Kersey Specialty Ltd., and will be providing underwriting capacity. London-based Kersey will focus on the upstream energy subscription market insurance and will be managed through Pine Walk Capital Ltd., Fidelis’ subsidiary MGA platform.
Paul Calnan will run Kersey, bringing 30 years’ experience in the re/insurance industry.
Calnan began his career at Lloyd’s in 1988 with Octavian Underwriting Ltd. and subsequently developed upstream accounts at Navigators, C.V. Starr and, most recently, Ironshore.
Philip Vandoninck, executive head of Partnerships at Fidelis, said: “Paul brings extensive knowledge and experience of the energy market, including operational, construction and casualty. Paul’s excellent underwriting track record comes with strong reinsurance support and Fidelis is pleased to collaborate with Paul’s historical relationships. We are pleased to support this new MGA and welcome Paul to the Pine Walk group.”
Calnan commented: “I am delighted to be partnering with Fidelis and Pine Walk in creating this new MGA. Our proposition is to provide thoughtful and comprehensive solutions that are appropriate to the genuine needs and wishes of buyers. We look forward to providing a flexible, consistent and prompt service to all of our customers.”
About Fidelis Insurance
Fidelis Insurance Holdings Ltd. is a privately owned Bermuda-based holding company, which, through its subsidiaries, provides specialty insurance and reinsurance products. Fidelis is rated A- (Excellent) by A.M. Best Co.
Source: Fidelis Insurance
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