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HAMILTON, BERMUDA— November 1, 2017 – Fidelis Insurance (“Fidelis”) today announced that it has launched its first MGA – Radius – which will be run by Rob Ashton and will focus on niche specialty treaty excess of loss business, such as Cyber, Nuclear and PA Retro. Radius will begin writing business on November 1st, two months earlier than previously announced in July. Ashton joins from Hiscox Re where he was Head of Specialty.
Radius is the first MGA to be launched through Pine Walk Capital Limited (“Pine Walk”). The new subsidiary will be run by Rinku Patel, who brings a wealth of experience in the MGA and intermediary space, most recently at Hyperion Insurance Group.
Richard Brindle, Group Chief Executive Officer of Fidelis said: “We are delighted to have joined forces with Rob and Rinku furthering our strategy to sponsor specialist underwriting products. Rinku’s proficiency in managing MGAs together with our underwriting expertise, make Pine Walk a highly attractive destination for new or existing MGAs.”
Rob Ashton added: “It has been a pleasure collaborating with Rinku and the Fidelis team in establishing Radius – especially in achieving this sooner than expected.”