Fidelis Partnership
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The move comes as the broker rebuilds its Bermuda team.
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The business has ramped up its underwriting volume since launching in Lloyd’s last July.
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The business said it was experiencing strong momentum on the Island.
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Pine Walk has grown substantially and is on course to write $1.2bn of premium this year.
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Connor O’Riordan has served as chief capacity officer and group head of corporate finance.
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Nadia Beckert was promoted to Bermuda CUO in March.
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The company launched into the contingency market in the wake of the Covid-19 pandemic.
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Patel has run the MGA platform since its launch in 2017.
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The executive said there was an ‘active cross-sell culture’ across The Fidelis Partnership.
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How is The Fidelis Partnership choosing to launch into new insurance classes as it rapidly expands?
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Plus, the latest people moves and all the top news of the week.
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David Turner previously spent more than 30 years at Amlin.
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The carrier has also added AIG’s Alice Hawkins to its aviation unit.
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The underwriting executive joins from Axa XL.
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Nadia Beckert joined the carrier as an underwriter in 2021.
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CEO Rinku Patel said the move marked a “clear step change” in Pine Walk’s MGA strategy.
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The MGA’s GWP hit $4.6bn as the CEO labelled aviation all-risks rates “woefully inadequate”.
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Good ESG practices are part of good risk management, the company said.
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The business wrote the deal through its recently established Lloyd’s syndicate.
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The firm has added net headcount of 140 people this year, including hires into its incubation platform Pine Walk.
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Jamie Cann, previous head of aviation and space at the Fidelis Partnership, also joined Axa XL.
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Staff movement in the class of business is high as new carriers launch into the space.
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Former international re head Beckert becomes group property re head.
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The MGU said the refinancing allowed it to address a low leverage ratio and reward staff.
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The appointment comes soon after the rebranding of the Richard Brindle-led business.
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The expansive carrier has hired heads of marine for France and Spain.
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Lloyd’s gains leadership, and The Fidelis Partnership gets capital diversification.
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The syndicate will be Asta managed and have capacity from Hampden Names.