The Fidelis Partnership (TFP), a leading managing general underwriter (MGU), has recently made significant moves to strengthen its position in the insurance market. The company announced senior promotions within its Bermuda Treaty team, as well as the launch of a new managing general agent (MGA) platform called Arenite Specialty, focusing on surety and credit risk insurance.
Paget Hengesbaugh, who has been with TFP for five years after joining from Renaissance Re, has been appointed as the Head of International Treaty. This promotion underscores TFP’s commitment to expanding its international presence and enhancing its underwriting capabilities. Additionally, Drew Tomlinson has been named as the Head of US Treaty, further solidifying TFP’s footprint in the US market.
In a strategic move to diversify its offerings and cater to new markets, TFP’s subsidiary Pine Walk Capital Ltd. has launched Arenite Specialty. This MGA platform will initially focus on providing surety and credit risk insurance in Australia, Asia Pacific, and Latin America. Teji Gobran has been appointed as the Chief Executive Officer of Arenite Specialty, bringing a wealth of experience and expertise to the role.
These developments highlight TFP’s proactive approach to meeting the evolving needs of the insurance industry and expanding its global reach. By promoting internal talent and launching specialized platforms like Arenite Specialty, TFP is well-positioned to capitalize on emerging opportunities and drive growth in key markets.
Expert insights suggest that TFP’s strategic initiatives align with broader trends in the insurance sector, where specialized offerings and international expansion are becoming increasingly important for staying competitive. The senior promotions and launch of Arenite Specialty demonstrate TFP’s commitment to innovation, customer-centric solutions, and sustainable growth.
The market impacts of these announcements are expected to be positive, with TFP strengthening its position as a leading player in the insurance industry. The expansion of its Bermuda Treaty team and the launch of Arenite Specialty are likely to attract new clients, enhance TFP’s underwriting capabilities, and drive revenue growth in targeted regions.
Beyond the immediate market implications, TFP’s initiatives also have broader economic and social implications. By expanding its reach and offering specialized insurance solutions, TFP is contributing to the resilience and stability of the insurance market, ultimately benefiting businesses and individuals who rely on insurance protection.
In conclusion, The Fidelis Partnership’s recent senior promotions and the launch of Arenite Specialty reflect its strategic vision, commitment to innovation, and focus on meeting the evolving needs of the insurance industry. These developments position TFP for continued success and growth in the competitive insurance landscape.
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References:
1. The Fidelis Partnership announces senior promotions for Bermuda Treaty team. Available at: https://www.reinsurancene.ws/the-fidelis-partnership-announces-senior-promotions-for-bermuda-treaty-team/
2. Fidelis Partnership Launches MGA Arenite Specialty for Surety, Credit Risk Insurance. Available at: https://www.insurancejournal.com/news/international/2025/09/16/839256.htm
3. The Fidelis Partnership’s Pine Walk launches Arenite Specialty. Available at: https://www.reinsurancene.ws/the-fidelis-partnerships-pine-walk-launches-arenite-specialty/
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