Pine Walk, the specialist MGA platform of Fidelis Partnership (TFP), has launched Adroit Underwriting Limited, a new Bermuda-based MGA focused on US small and medium-sized enterprises (SME) casualty reinsurance.
The new business will be led as CEO and Chief Operating Officer (CUO) by Jeff Markowski, who has more than 20 years of U.S. casualty treaty experience, most recently as director of underwriting for Peak Re in North America.
Derrick Holmes Joins Markowski as chief financial officer and chief operating officer Derrick Holmes brings more than a decade of reinsurance financing and operations experience, including running Peak Capital Ltd.’s agency business, as well as extensive ILS market experience to support “increasing investor interest in unexpected risks.”
TFP explained: “Adroit will provide prescriptive, data-driven reinsurance solutions across all U.S. casualty lines, including medical malpractice, cyber liability, general liability, construction (architects and engineers), public entities, D&O/E&O and attorney legal liability.”
Capacity will be provided through TFP’s Syndicates 3123 and 2126 as well as third-party operators.
Michael Davern, UK CUO and Group Head of Real Estate and Energy at Fidelis Partnership D&F, commented: “Pine Walk is a key pillar of TFP’s differentiated distribution footprint and we are delighted to welcome Adroit as its 18th business.
“Jeff and Derrick have an outstanding track record and deep market knowledge, which makes them well-positioned to provide brokers with a differentiated proposition that is rooted in experience, underpinned by a data-driven approach and supported by access to TFP’s broader platform to support cross-sell opportunities.
“This is exactly what Pine Walk is all about and we look forward to supporting them into the future.”
Jeff Markowski, CEO and COO of Adroit Underwriting, added: “The U.S. SME casualty reinsurance market is underserved by specialist underwriters with deep relationships and a track record of moving quickly and decisively.
“Adroit was built to fill this gap, bringing rigorous, actuarial-based underwriting to markets in need. Launching on the Pine Walk platform means we have the industry-leading infrastructure, capabilities and support to do business.”
