Pine Stroll Capital, a part of the Fidelis Partnership (TFP), has launched Corsiam Specialty, a brand new accident & well being (A&H) managing common agent (MGA).
The enterprise is supported by TFP Syndicate 3123 at Lloyd’s and goals to handle A&H insurance coverage and reinsurance globally.
Tim Morgan, previously at Beazley, would be the lead underwriter for Corsiam Specialty.
David Walker, with a background of 30 years in A&H, has additionally joined Corsiam Specialty as a senior underwriter. He has twin expertise in underwriting and broking, notably because the founder and managing director of G&G Insurance coverage Brokers.
Morgan stated: “David and I are delighted to be launching Corsiam in opposition to a quickly evolving market backdrop during which shoppers and brokers are more and more in search of tailor-made options, vital capability and trusted companions to insure complicated A&H dangers.”
Pine Stroll chief working officer Nigel Lee stated: “With A&H representing a brand new line of enterprise for TFP, Corsiam is an thrilling addition to the Pine Stroll platform. It additional expands our product capabilities whereas additionally supporting the diversification of TFP’s international (re)insurance coverage portfolio and once more demonstrates the attractiveness of the Pine Stroll proposition for main underwriters in a category.
“In Tim and David, Corsiam has two exceptionally proficient underwriters, whose spectacular monitor document and deep trade relationships place them completely to grab the expansion alternative in A&H.”
Since its institution in 2017, Pine Stroll has launched 15 MGAs, providing underwriting options and regulatory assist.
The formation of Corsiam Specialty is anticipated to contribute to Pine Stroll’s development, with projections indicating an increase in gross written premium to greater than $1.2bn (£890.53m) by 2025, up from $900m in 2024.
