The Fidelis Partnership Launches Accident & Health MGA, Corsiam

Pine Walk Capital Ltd., the specialist MGA platform and wholly owned subsidiary of The Fidelis Partnership (TFP), announced the launch of Corsiam Specialty Ltd., a new accident & health managing general agent (MGA).

Backed by The Fidelis Partnership Syndicate 3123 at Lloyd’s, Corsiam will underwrite a broad portfolio of global A&H insurance and reinsurance business.

Tim Morgan, previously at Beazley, will serve as Corsiam’s lead underwriter, building on his track record as one of the market’s leading A&H underwriters and bringing over 20 years of experience writing global portfolios within the class.

Morgan is joined at Corsiam by senior underwriter David Walker, who brings a further 30 years of A&H experience across both the underwriting and broking sectors – most recently as founder and managing director of brokerage firm G&G Insurance Brokers.

With the launch of Corsiam, Pine Walk, which was founded in 2017, will now have established 15 MGAs and provides underwriting, operational and regulatory frameworks to support specialist and innovative underwriting offerings. Pine Walk’s GWP is expected to rise to over $1.2 billion in 2025, up from $900 million in 2024.

“With A&H representing a new line of business for TFP, Corsiam is an exciting addition to the Pine Walk platform. It further expands our product capabilities while also supporting the diversification of TFP’s global re/insurance portfolio and again demonstrates the attractiveness of the Pine Walk proposition for leading underwriters in a class,” commented Nigel Lee, chief operating officer, Pine Walk, in a statement.

“In Tim and David, Corsiam has two exceptionally talented underwriters, whose impressive track record and deep industry relationships position them perfectly to seize the growth opportunity in A&H,” he added.

“David and I are delighted to be launching Corsiam against a rapidly evolving market backdrop in which clients and brokers are increasingly seeking tailored solutions, significant capacity, and trusted partners to insure complex A&H risks,” Morgan said.

“Today, the class accounts for over $7 billion in annual premium, representing a considerable growth opportunity for TFP. We look forward to complementing the group’s exceptional reputation for underwriting outperformance and to be joining Pine Walk on its impressive growth trajectory,” Morgan continued.

TFP is a privately owned, Bermuda-headquartered managing general underwriter, which, through its subsidiaries, is a global underwriter of property, bespoke and specialty insurance and reinsurance products. TFP is separately owned and managed from the ownership and management of Fidelis Insurance Group.

Source: The Fidelis Partnership

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