The Fidelis Partnership launches Arenite Specialty
September 15, 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 Arenite Specialty (“Arenite”).
Arenite will write Surety and Credit Risk insurance initially focused on Australia, Asia Pacific and Latin America.
The new MGA will be led by Teji Gobran as CEO. Teji was most recently Managing Director of specialist surety underwriter BILD and before that Managing Director at Volante Global.
Teji will be joined by Jarbas Coimbra as Head of Surety and by Stephen Olman as Head of Credit. Stephen was previously at Helia (formerly Genworth) as Director of Reinsurance and Structured Transactions. Jarbas was previous at Arch Reinsurance Brazil as Director.
Arenite will be headquartered in London but will build out in-market teams to be based in relevant territories.
Founded in 2017, Pine Walk has now signed 16 MGAs and provides custom underwriting, operational and regulatory frameworks to support specialist and innovative underwriting offerings. Pine Walk’s GWP rose to over $1.2 billion in 2025, up from $0.9 billion in 2024.
Nigel Lee, Chief Operating Officer, Pine Walk, said: “We are delighted to launch Arenite as Pine Walk’s 13th MGA. Arenite aligns with our strategy to incubate high-quality MGAs that bring valuable diversity by both product and geography. Surety and Structured Credit are products that TFP has a deep understanding of and we’re excited by the opportunity Arenite has to build out a unique offering for Australia, Latin America, and Asia Pacific. Teji, Jarbas and Stephen are all highly regarded in their markets.”
Teji Gobran added: “The Fidelis Partnership has established an enviable track-record in the Surety and Structured Credit market, with a strong reputation for being nimble, innovative and solution oriented. Pine Walk is therefore a natural home for Arenite. Collectively, our team has deep knowledge of the Australian, Latin American and Asia Pacific markets and we see huge potential for this new offering. We look forward to working with the Pine Walk and TFP teams as we bring Arenite to market.”