Pine Stroll Capital Ltd., the London-based specialist MGA platform, has introduced the launch of its sixth MGA, OPEnergy Ltd.
OPEnergy obtained regulatory approval from the UK regulator on Jan. 6, 2022 and can write onshore and offshore power legal responsibility dangers, offering public, merchandise and air pollution legal responsibility traces.
OPEnergy is led by the educated, skilled and market-leading underwriter Oliver Brown as CEO, stated Pine Stroll, noting that Brown has efficiently created, developed and managed power legal responsibility portfolios at Berkshire Hathaway Specialty Insurance coverage (BHSI), Catlin and Zurich.
Additionally becoming a member of OPEnergy from BHSI is Penny Wang who brings over 15 years’ power legal responsibility underwriting expertise, having beforehand labored at Starr and Zurich.
OPEnergy was the second MGA to affix the Pine Stroll platform in 2021, following market stalwart Clive Washbourn’s specialty marine MGA Navium which launched in Could.
“OPEnergy’s launch additional underlines Pine Stroll’s bold development agenda over the following 5 years and attracting entrepreneurial underwriting expertise like Oliver Brown to our platform is a key a part of our technique,” stated Pine Stroll CEO Rinku Patel.
“The power legal responsibility market has proven vital worth strengthening over the previous few years; this mixed with Oliver’s expertise and market status made launching OPEnergy a simple choice for each of us,” Patel added.
“OPEnergy’s intensive providing will differentiate us from the remainder of the market by offering versatile, tailor-made options to the ever-changing panorama confronted by power corporations. We’re wanting ahead to working with purchasers and brokers to develop long-term relationships and create a worthwhile portfolio,” stated OPEnergy CEO Brown.
“Pine Stroll’s working mannequin implies that Penny and I can consider underwriting and re-establishing our core dealer relationships. We see a major alternative to deliver new danger options to the power legal responsibility market in 2022. With Pine Stroll and Fidelis’ backing, we will make a significant impression in a short time. OPEnergy is buying and selling and we’re able to welcome brokers to our new Lime Road workplace,” Brown continued.
“Fidelis in partnership with Pine Stroll is all the time in search of methods to deliver market main underwriting experience into the group and increasing and cross promoting amongst our product choices. As Fidelis continues to develop we turn into an increasing number of related to our purchasers and brokers,” commented Richard Coulson, chief govt officer of Insurance coverage and chief underwriting officer of Fidelis Underwriting Ltd..
OPEnergy writes the next courses of enterprise:
- Mining (no coal involvement)
- Energy technology
- Transmission and distribution
- Renewable power
- Storage corporations
- Exploration and manufacturing
- Service / drilling contractors
- Building of all the above
About Pine Stroll
Headquartered in London with an EU-based workplace in Brussels, Pine Stroll is a specialist MGA platform geared in direction of serving to underwriting groups create, construct, and run profitable insurance coverage companies. Pine Stroll Capital Ltd. is a Fidelis Group firm.
Current Pine Stroll MGAs:
- Radius – specialist reinsurance and retrocession
- Oakside – surety bond enterprise focussing on development
- Kersey – upstream power
- Perigon – contamination and product recall
- Navium – marine
- OPEnergy – onshore and offshore power legal responsibility
Supply: Pine Stroll Capital Ltd.
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