The Fidelis Partnership launches international casualty MGA Sevanta

Launch of Sevanta sees expansion of The Fidelis Partnership’s casualty footprint

Pine Walk Capital Limited (“Pine Walk”), the specialist MGA platform and wholly owned subsidiary of The Fidelis Partnership (“TFP”), is pleased to announce the launch of Sevanta Specialty Liability Limited (“Sevanta”), a new international casualty MGA.

Sevanta will focus on niche international specialty liability, writing business on both a primary and excess basis across a global portfolio.

Sevanta is Pine Walk’s first Casualty MGA and aligns with TFP’s strategy to selectively expand its niche Specialty Liability product offering in 2025. This builds on TFP’s existing experience and leadership in such liability lines embedded in classes such as Aviation, Energy and Marine.

Jon Hiller, formerly Head of International Casualty at Sompo International, will lead Sevanta. He is joined by Senior Underwriter George Hutton, previously a portfolio manager in Sompo’s Wholesale & Specialty Casualty unit. Together, they bring to Sevanta over 30 years of underwriting experience across Lloyd’s, London and International markets.

Founded in 2017, Pine Walk has now established 12 MGAs and provides custom underwriting, operational and regulatory frameworks to support specialist and innovative underwriting offerings. In 2024, Pine Walk’s GWP grew by 11% to $0.9 billion.

Rinku Patel, Group COO of The Fidelis Partnership and CEO of Pine Walk, said: “Sevanta is an important and exciting new entrant to the Pine Walk platform which will further enhance our MGA portfolio while broadening the range of product capabilities offered through the TFP platform. Responding with leadership, expertise and capacity to solve challenges in the market is at the heart of our approach. We now see the opportunity to deliver this in a number of niches in the casualty space, an area we have historically been deliberately underweight.  

We’re delighted to welcome Jon and George, whose multi-decade international experience, deep market expertise and strong broker relationships will be enormous assets to the business. Building out Sevanta’s specialty liability book will further support the growth the Pine Walk platform in line with our expectations to surpass $1bn in GWP this year.”

Jon Hiller added: “The Fidelis Partnership has built an impressive reputation for its appetite and capability to respond to capacity shortfalls when market dislocation occurs. Against a challenging backdrop for the international casualty market, characterised by high frequency and severity of claims and well-publicised reserve deficiencies, we see a huge opportunity to meet rising client and broker demand for specialty liability products. George and I are thrilled to be working to launch Sevanta and to be joining the Pine Walk platform on its exceptional growth trajectory.”