Introducing Pernix Specialty

Pine Walk , a specialist MGA platform, has launched Pernix Specialty , a credit and political risk insurance provider based in the UK.

The MGA is designed to help European commercial banks, as well as corporations, commodities traders, multilaterals, and export credit agencies, with transactions up to $100 million and an 18-year tenor.

Fidelis , based in Bermuda, will provide underwriting capacity, while Pine Walk will provide operational and technology assistance via its platform, which already comprises six other MGAs from various lines of insurance.