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The broker has the biggest book in the offshore wind market, according to sources.
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Upstream energy is unaffected by the pullback.
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Sources also named sector stalwarts Stone Point and Aquiline as potential sources of start-up capital.
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Angela Kelly is due to leave the Corporation at the end of July.
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CEO John Neal also urged managing agents to pay Covid-19 claims on products with unspecified pandemic or contagious disease extensions.
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The new vehicle, which is targeting a 1 January 2021 launch, represents a revision of original plans to launch an SIAB.
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The broker had been at Aon for the best part of a decade.
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Broker report models optimistic, moderate, severe and extreme outcomes from pandemic.
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The launch would mark the first MGA entry into Lloyd’s via the new framework.
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Lloyd’s is estimated to absorb £3.4bn of this loss, according to the firm.
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The trade credit insurer plans to reduce or remove credit limits in the absence of a deal with the government.
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The former Antares managing director spearheaded integration efforts after the Lloyd’s business was purchased by the Qatar carrier.