Managing general agent Kersey Specialty Limited has received backing from Fidelis Insurance. 

Not only has Fidelis taken an equity stake in the new MGA, it will also provide underwriting capacity while Kersey is managed through its subsidiary MGA platform Pine Walk Capital Limited.

In charge of running the MGA is Paul Calnan, who began his career at Lloyd’s in 1988 with Octavian Underwriting Limited. The three-decade (re)insurance executive spent time at the likes of Navigators, C.V. Starr, and Ironshore.

“Paul brings extensive knowledge and experience of the energy market, including operational, construction, and casualty,” noted Philip Vandoninck, executive head of partnerships at Fidelis. “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.”

Kersey will focus on upstream energy subscription market insurance.

“I am delighted to be partnering with Fidelis and Pine Walk in creating this new MGA,” said Calnan. “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.”