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

Valeria Del Villano, who previously served as Head of International Renewables at AIG, will lead Novagen as CEO. She has vast industry experience, having also held senior 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.”

Villano, CEO of Novagen, added: “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.”