The Fidelis Partnership (TFP) has announced the launch of a new managing general agent (MGA), Corsiam Specialty Limited, which will focus on underwriting a broad portfolio of global Accident & Health (A&H) insurance and reinsurance business.
Corsiam was launched through Pine Walk, TFP’s specialist MGA platform, and is backed by The Fidelis Partnership Syndicate 3123 at Lloyd’s.
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.
David Walker, who brings an additional 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, will be joining Morgan as senior underwriter.
Nigel Lee, Chief Operating Officer, Pine Walk, commented: “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.
“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.”
The launch of Corsiam marks the 15th MGA for Pine Walk, which was founded in 2017. The platform provides a framework for specialised underwriting and is projected to see its gross written premium (GWP) rise to over $1.2 billion in 2025, up from $0.9 billion in 2024.
“As our 15th MGA, Corsiam’s launch is also a testament to the momentum and attraction of Pine Walk, whose profitable growth, disciplined exposure and complementary underwriting expertise remain invaluable to our group strategy. The support of our Syndicate 3123 also reflects TFP’s increasing ability to match the right risks to the right capacity appetite,” Lee added.
Morgan said: “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.
“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.”
The launch of Corsiam follows the recent launch of Imala Re, another Pine Walk MGA specialising in treaty reinsurance for Latin America and the Caribbean.
