Fidelis adds energy market capacity with new MGA Kersey

Bermuda-based Fidelis Insurance has acquired an equity stake in a new managing general agent (MGA) Kersey Specialty that will focus on upstream energy subscription market insurance.

The underwriting capacity will be provided by Fidelis, and Kersey will be managed through Fidelis’ subsidiary MGA platform Pine Walk Capital.

The company has appointed Paul Calnan, who has 30 years of re/insurance experience in the Lloyd's market, to run Kersey.

Calnan began his career at Lloyd’s in 1988 with Octavian Underwriting and subsequently developed upstream accounts at Navigators, CV Starr and more latterly at Ironshore.

Philip Vandoninck, executive head of partnerships, said: “Paul brings extensive knowledge and experience of the Energy Market, including operational, construction and casualty. Paul’s excellent underwriting track record comes with strong reinsurance support and Fidelis is pleased to collaborate with Paul’s historical relationships. We are pleased to support this new MGA and welcome Paul to the Pine Walk group.”

Calnan added: “I am delighted to be partnering with Fidelis and Pine Walk in creating this new MGA. Our proposition is to provide thoughtful and comprehensive solutions that are appropriate to the genuine needs and wishes of buyers. We look forward to providing a flexible, consistent and prompt service to all of our customers.”

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