The Fidelis Partnership launches Imala Re

The Fidelis Partnership, through its specialist MGA platform Pine Walk Capital, has launched a new MGA called Imala Re. Alongside the launch, Fidelis will open a Miami office on October 1, 2025, its first US location and headquarters for Imala Re.

Imala Re will underwrite an international book of Latin American and Caribbean Property, Motor, and Marine Treaty reinsurance, with a portfolio spanning catastrophe excess of loss, risk excess of loss, and quota share solutions. The business will primarily focus on locally domiciled treaty clients while also serving select multinational groups.

The MGA will be led by Ivan Vega, CEO and Chief Underwriter, who brings more than 30 years of experience in the region. Vega previously led Navigators Re’s Latin America and Caribbean treaty business and held senior roles at White Mountains Capital.

Founded in 2017, Pine Walk now supports 14 active MGAs, with gross written premium projected to exceed $1.2 billion in 2025, up from $0.9 billion in 2024. Imala Re marks Pine Walk’s third MGA launch this year and expands Fidelis’s reach into North America under its broader BRICS+ strategy.