The Fidelis Partnership launches A&H MGA, Corsiam
September 30, 2025 – 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 Corsiam Specialty Limited (“Corsiam”), a new Accident & Health (“A&H”) MGA.
Backed by The Fidelis Partnership Syndicate 3123 at Lloyd’s, Corsiam will underwrite a broad portfolio of global A&H insurance and reinsurance business.
Tim Morgan, previously at Beazley, will serve as Corsiam’s lead underwriter, building on his track record as one of the market’s leading A&H underwriters and bringing over 20 years of experience writing global portfolios within the class.
Tim is joined at Corsiam by senior underwriter David Walker, who brings a further 30 years of A&H experience across both the underwriting and broking sectors – most recently as founder and managing director of brokerage firm G&G Insurance Brokers.
Founded in 2017, with the launch of Corsiam, Pine Walk will now have established 15 MGAs and provides innovative underwriting, operational and regulatory frameworks to support specialist and innovative underwriting offerings. Pine Walk’s GWP is expected to rise to over $1.2 billion in 2025, up from $0.9 billion in 2024.
Nigel Lee, Chief Operating Officer, Pine Walk, said: “With A&H representing a new line of business for TFP, Corsiam is an exciting addition to the Pine Walk platform. It further expands our product capabilities while also supporting the diversification of TFP’s global (re)insurance portfolio and again demonstrates the attractiveness of the Pine Walk proposition for leading underwriters in a class. In Tim and David, Corsiam has two exceptionally talented underwriters, whose impressive track record and deep industry relationships position them perfectly to seize the growth opportunity in A&H.
As our 15th MGA, Corsiam’s launch is also a testament to the momentum and attraction of Pine Walk, whose profitable growth, disciplined exposure and complementary underwriting expertise remain invaluable to our group strategy. The support of our Syndicate 3123 also reflects TFP’s increasing ability to match the right risks to the right capacity appetite.”
Tim Morgan added: “David and I are delighted to be launching Corsiam against a rapidly evolving market backdrop in which clients and brokers are increasingly seeking tailored solutions, significant capacity, and trusted partners to insure complex A&H risks. Today, the class accounts for over $7 billion in annual premium, representing a considerable growth opportunity for TFP. We look forward to complementing the group’s exceptional reputation for underwriting outperformance and to be joining Pine Walk on its impressive growth trajectory.”