
Our Strategy
We are nimble. We are creative. And we leverage our experience through multiple platforms to provide our business partners with bespoke, cutting-edge solutions. We guarantee innovative insurance and reinsurance solutions, rapid decision-making and the ability to respond fast to an ever-changing world.
The Fidelis Partnership has three segments:
- Fidelis Underwriting, comprising our three underwriting units: Bespoke, Specialty and Reinsurance.
- Our Pine Walk platform, which funds, owns and provides capacity and administration services to underwriter-led MGA cells in specialist niches.
- Portfolio management services, where we provide a full suite of market-leading services from outwards reinsurance, claims handling and exposure management to portfolio analytics and compliance.
This is what it looks like to be more than a regular MGU. And all of this is supported by the provision of capacity from the Fidelis Insurance Group (AM Best: A (Excellent) rating) and Quota Share partners.
The Largest Independently-Owned MGU Globally
Our fundamentally different underwriting process has supported our outperformance
Market Leading Production Capabilities
Differentiated Approach to Underwriting
Significantly More Leadership and Leverage
The Fidelis Partnership Lead on Signed Premiums(1)
We take a lead (2) position on the vast majority of our underwriting:
97%
Specialty
99%
Bespoke
96%
Reinsurance
Source: Company information. Includes lead positions and party agreement (where The Fidelis Partnership is on the same terms as the lead). (1) YTD signed premium as at 16 October 2024. (2) The Fidelis Partnership defines a lead as an Entity that is defined as one or more of the following elements: Claims Lead, Slip Lead, Claims Agreement Party, Price Lead, Agreement Party to Special Acceptance, and Agreement Party to Contract Changes; (3) Fidelis Partnership management MI 2023 pricing differential
Overview of The Fidelis Partnership Today
We generate premium both through in-house underwriting teams (The Fidelis Partnership) and via our MGA platform, Pine Walk. The Fidelis Partnership funds, owns the majority of and provides capacity and administration services to underwriter-led MGA cells in specialist niches.
We aim to be part of the first three markets to see any risk of note in our lines of business

~80% of GWP
Richard Brindle-led underwriting
Daily UMCC to approve all new risks and renewals
Focused on Specialty & Bespoke Underwriting
Comprehensive claims handling and actuarial pricing
Cross-sell opportunities
Maximising relationships
Value Add Portfolio Services

~20% of GWP
Existing base of 11 niche MGAs
MGA tech stack and wrapper of back and middle office services
Leading entrepreneurial underwriters
Leveraging The Fidelis Partnership’s relationships and capacity
Supported by the best capacity base in the market
Unique Long-Term Capacity...


...Alongside Additional Capacity
Reinsurer capacity
Insurer capacity
A High Quality, Well-Positioned Portfolio
Our underwriting is structured across three key “pillars", creating a diversified business portfolio with market leading returns

Specialty
Specialized portfolio leveraging The Fidelis Partnership’s underwriting expertise
30+ year of trading relationship

Bespoke
Highly-focused property catastrophe (cat) book, no property binders
Targeting clients with sophisticated data and loss adjusting capabilities

Reinsurance
Highly tailored, specialized products ranging in duration from days to long-tenor contracts
Low attrition loss exposure and embedded value
LTM Q2 2024 Gross Written Premiums(1)
$4.1B
Pine Walk Platform Strategy
Pine Walk provides Pine Walk cells access to capacity, funding and a suite of back office services. The below shows Pine Walk Group GWP (US$m).
Pine Walk Group GWP (US$m)
2017
2018
2019
2020
2021
2022
2023
2024
2025E