Fidelis adds capacity in energy market insurance with MGA Kersey

HAMILTON, BERMUDA— 21 September 2018– Fidelis Insurance (“Fidelis”) today announced that it has taken an equity stake in a new MGA Kersey Specialty Limited (“Kersey”), and will be providing underwriting capacity.  Kersey will focus on Upstream Energy subscription market insurance and will be managed through Pine Walk Capital Limited (“Pine Walk”), Fidelis’ subsidiary MGA platform.

Paul Calnan will run Kersey bringing 30 years’ experience in the (re)insurance industry.

Paul began his career at Lloyd’s in 1988 with Octavian Underwriting Limited and subsequently developed upstream accounts at Navigators, C.V. Starr and more latterly 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.”

Paul 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.”