Pine Walk, the specialist MGA platform of The Fidelis Partnership (TFP), announced the launch of Adroit Underwriting Ltd., a Bermuda-based managing general agent that is focused on US small-and-medium enterprise (SME) casualty reinsurance.
Adroit aims to provide disciplined, data-driven reinsurance solutions across a broad suite of US casualty lines, including medical malpractice, cyber liability, general liability, construction (architects & engineers), public entity, D&O/E&O, and lawyers legal liability.
Capacity will be provided through TFP’s Syndicates 3123 and 2126 alongside third-party carriers.
The business will be led by Jeff Markowski as chief executive officer and chief underwriting officer. Markowski brings more than 20 years of US casualty treaty experience, most recently as director of underwriting at Peak Re, North America.
Markowski is joined by Derrick Holmes as chief financial officer and chief operating officer, who brings over a decade of reinsurance finance and operational experience, including responsibility for agent operations with Peak Capital Ltd., as well as significant ILS market experience to support a growing investor appetite in casualty risk.
With the launch of Adroit, Pine Walk has now established 18 businesses on its MGA incubator platform, which provides custom underwriting, operational and regulatory frameworks to support specialist and innovative underwriting offerings.
“Pine Walk is a key pillar of TFP’s differentiated distribution footprint, and we are pleased to welcome Adroit as its 18th business,” commented Michael Davern, UK CUO and group head of D&F Property and Energy at TFP.
“Jeff and Derrick bring an outstanding track record and deep market knowledge that make them exceptionally well placed to give brokers a differentiated proposition, rooted in experience, underpinned by a data-driven approach and enhanced by access to TFP’s broader platform to support cross-selling opportunities,” Davern added.
“The US SME casualty reinsurance market is underserved by specialist underwriters with the depth of relationships and track record to move quickly and with conviction. Adroit has been built to fill that gap – bringing disciplined, actuarially grounded underwriting to a market that needs it,” according to Markowski. “Launching on the Pine Walk platform means we are backed by industry-leading infrastructure, capacity, and support to hit the ground running.”
The Fidelis Partnership is a high-growth, highly diversified MGA that allocates risk to a range of highly rated, primarily long-term third-party capacity providers. It operates two complementary underwriting and origination platforms, Fidelis Underwriting and Pine Walk, which originate specialty re/insurance risks and underwrite across over 150 complex lines of business in the company’s Specialty, Bespoke and Reinsurance pillars.
Source: The Fidelis Partnership