Pine Walk Capital, a subsidiary of the Fidelis Partnership (TFP), has appointed Tim Morgan to launch a new Accident & Health (A&H) managing general agent (MGA).
Morgan, an A&H underwriter, most recently served at Beazley. He has more than 20 years of experience.
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A&H will serve as a new business segment for TFP, aiding in the expansion of its reinsurance portfolio.
The new MGA is expected to launch in late 2025, contingent on regulatory approvals, and will target a global A&H business.
Pine Walk CEO Rinku Patel said: “We are delighted to be able to welcome an underwriter of Tim’s reputation to launch a new Pine Walk cell. The A&H market represents over $7bn of annual premium and brokers and clients are seeking partners who can insure complex risks and provide significant capacity.
“Tim’s underwriting pedigree, relationships and track record make him the perfect fit for TFP and Pine Walk. Launching into A&H also complements our strategy to broaden our portfolio, and follows closely the launch of Sevanta, our first casualty MGA. We look forward to going live with Pine Walk’s 13th MGA later this year.”
Set up in 2017, Pine Walk has 12 MGAs, each specialising in specialty underwriting products.
In 2024, the company’s gross written premiums (GWP) rose to $900m (£698m).
Last month, Pine Walk established Sevanta Specialty Liability, an international casualty MGA focusing on niche international specialty liability.
Sevanta is designed to underwrite business both on a primary and excess basis globally.
In October last year, Pine Walk introduced Silverflame Re, a specialty reinsurance MGA.
