Pine Walk Capital, part of the Fidelis Partnership (TFP), has launched Corsiam Specialty, a new accident & health (A&H) managing general agent (MGA).  

The venture is supported by TFP Syndicate 3123 at Lloyd’s and aims to manage A&H insurance and reinsurance globally. 

Tim Morgan, formerly at Beazley, will be the lead underwriter for Corsiam Specialty.  

David Walker, with a background of 30 years in A&H, has also joined Corsiam Specialty as a senior underwriter. He has dual experience in underwriting and broking, notably as the founder and managing director of G&G Insurance Brokers. 

Morgan said: “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.”  

Pine Walk chief operating officer Nigel Lee 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.” 

Since its establishment in 2017, Pine Walk has launched 15 MGAs, offering underwriting solutions and regulatory support.  

The formation of Corsiam Specialty is expected to contribute to Pine Walk’s growth, with projections indicating a rise in gross written premium to more than $1.2bn (£890.53m) by 2025, up from $900m in 2024.