The Fidelis Partnership launches new renewables MGA, Novagen

Pine Walk Capital Limited, the specialist MGA platform and a wholly owned subsidiary of The Fidelis Partnership, has launched Novagen, a new renewables MGA.

The new MGA will reportedly focus on underwriting the full spectrum of renewable technologies (onshore, offshore, construction and operational) globally.

Valeria Del Villano, who most recently served as Head of International Renewables at AIG, will lead Novagen as CEO.

Del Villano is highly experienced, having previously held underwriting roles at Novae and Gcube.

Rinku Patel, Group COO of The Fidelis Partnership and CEO of Pine Walk, commented, “We are delighted to further expand our Pine Walk platform with the launch of Novagen. Pine Walk is an important source of both growth and complementary underwriting expertise for the wider group.

“Pine Walk offers the market’s most talented and entrepreneurial underwriters a unique platform from which to build a business while being able to focus solely on underwriting and its continued expansion makes clear how compelling a proposition this is.”

Valeria Del Villano, Novagen CEO said, “Renewables is an area of huge opportunity for the insurance sector, with our solutions essential for the energy industry as it makes the transition.

“Novagen will differentiate itself from the market through a flexible, agile and responsive approach to underwriting. The Fidelis Partnership has already established itself as a leading market and thought leader in this space through its underwriting expertise and cross-class capabilities, and I look forward to complementing this as we build out Novagen’s own distinct proposition.”

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