New specialty insurance company Pinion Insurance has announced the appointment of Kyle Selvig as U.S. Chief Underwriting Officer (CUO), effective immediately.
In this commercial role, Selvig will be responsible for building Pinion’s U.S. general agent (MGA) network, leveraging the company’s proprietary technology to provide distribution partners with deep insights into underwriting risk and performance.
Pinion expects to tie up its first U.S. operations in the second quarter of 2026, pending necessary regulatory approvals.
Pinion, founded in Bermuda and headquartered in London, was launched on February 17 with a commitment from global asset manager Barings to provide up to $180 million in preferred equity.
It will first provide underwriting capabilities to MGAs in the US, followed by establishing underwriting platforms in the UK and EU, all subject to regulatory approval.
Selvig has 25 years of experience in the property and casualty insurance industry and worked at Fortegra for nearly 10 years before joining Pinion.
As Fortegra’s vice president of commercial underwriting, he managed multiple commercial and personal property and casualty (P&C) programs with a total written premium of approximately $400 million.
Throughout his career, Selvig also held underwriting leadership roles at Citizens Property & Casualty Insurance Company, where he worked for nearly eight years.
As Pinion US CUO, the executive will be based in Jacksonville and report to Pinion Group Chief Underwriting Officer Philip Vandoninck, who commented: “We are pleased to have attracted someone with Kyle’s experience and expertise as we launch Pinion.
“His strong track record and underwriting expertise will play a key role as we expand MGA’s portfolio in the United States.”
Selvig said: “Pinion’s technology-focused insurance platform is exactly what the U.S. plan insurance market needs. It has been an honor to join the company from the beginning, and I’m excited for the opportunity to work with the founders to build the company and deliver superior profitability results.”
