Fidelis Partnership launches alternative risk transfer MGA Carnovis

The Fidelis Partnership, done its subsidiary Pine Walk Capital, has launched an alternate hazard transportation managing wide cause (MGA), Carnovis.

Carnovis is acceptable to statesman underwriting successful December and volition supply structured reinsurance solutions to assistance clients negociate volatility and optimise capital.

The MGA volition connection a scope of excess-of-loss solutions crossed treaty, captive and nonstop lines, successful summation to quota-share solutions for Treaty clients.

Based successful London, Carnovis plans to constitute an planetary portfolio covering the US and UK, alongside exposures successful Europe, the Asia-Pacific portion and Latin America.

The lawsuit basal volition see reinsurers, multinational companies, their captives and smaller firms seeking to negociate hazard crossed assorted security classes implicit time.

Carnovis laminitis Grant Maxwell volition pb the institution arsenic CEO. He comes with much than 26 years of acquisition successful alternate hazard transportation successful the London and planetary security markets.

Previously, Maxwell served arsenic planetary caput of alternate hazard transportation astatine Allianz Commercial for 5 years and held elder positions crossed the business.

Maxwell said: “Across the market, we are seeing increasing request for structured solutions that span the spread betwixt accepted reinsurance and superior markets.

“Clients privation long-term, partnership-based relationships with their reinsurers, underpinned by tailored presumption that amended bespeak their portfolio and strategical goals.

“Carnovis is purpose-built to present that flexibility – bringing unneurotic innovation, superior ratio and equilibrium expanse spot to make worth implicit aggregate underwriting years.”

Carnovis is the 16th MGA nether Pine Walk, which was founded successful 2017 to supply operational, method and regulatory enactment for specializer underwriting teams.

Pine Walk expects its gross written premium to transcend $1.2bn (£911.7m) successful 2025, up from $900m successful 2024.

Fidelis Partnership security lawman main underwriting serviceman and CEO Richard Coulson said: “We are thrilled to invited Carnovis to the Pine Walk platform.

“This motorboat reflects our committedness to innovation successful the reinsurance market, and we are excited astir the opportunities Carnovis brings to present bespoke, capital-efficient solutions to clients worldwide.

“Grant and his squad are exceptionally well-positioned to marque a invaluable interaction connected this market, and we look guardant to supporting their maturation and success.”

Last month, Pine Walk Capital launched a caller mishap and wellness (A&H) MGA, Corsiam Specialty, supported by TFP Syndicate 3123 astatine Lloyd’s.