Adroit Underwriting is live as a Bermuda-based casualty MGA for US SME reinsurance, launched by The Fidelis Partnership through Pine Walk. The new platform will write across multiple casualty lines with capacity from Syndicates 3123 and 2126, plus third-party carriers, giving buyers a fresh underwriting outlet in a market Markowski called underserved.
Jeff Markowski Leads Adroit Casualty
Jeff Markowski, Adroit’s CEO and chief underwriting officer, brings more than 20 years of US casualty treaty underwriting experience. He said: “The US SME casualty reinsurance market is underserved by specialist underwriters with the depth of relationships and track record to move quickly and with conviction.”
Derrick Holmes will serve as chief financial officer and chief operating officer, adding more than a decade of reinsurance finance and operational experience to the launch team. The pairing gives Adroit the underwriting and control functions needed to start writing without building those capabilities from scratch.
Syndicates 3123 And 2126 Capacity
Capacity will come from Fidelis’s Syndicates 3123 and 2126, along with third-party carriers. Syndicate 3123 was established at Lloyd's in 2024 and wrote about $200 million of gross premium in its first six months, a sign that the underwriting platform backing Adroit already has scale behind it.
That backing comes through Pine Walk, which is Adroit’s 18th business on the platform. Pine Walk wrote about $1 billion in premium across 16 cells for full-year 2025 and was on track to exceed $1.2 billion before reaching its 16th MGA, showing the launch sits inside an expanding operating structure rather than a one-off deal.
Casualty Lines Across US SME
Adroit will underwrite medical malpractice, cyber liability, general liability, construction risks for architects and engineers, public entity, D&O/E&O and lawyers' professional liability. That spread covers several of the US casualty classes where capacity and specialist underwriting discipline matter most for smaller and mid-sized buyers.
Michael Davern said Pine Walk gives Adroit access to underwriting, operational and regulatory support. The launch also carries a clear market shift: Pine Walk launched Sevanta, an international casualty MGA, in 2025, but Fidelis Insurance Group declined to provide capacity to Sevanta at the time because casualty was outside its risk appetite then.
Adroit now moves forward with a different capacity mix, and that makes the unresolved point practical rather than abstract: how much capacity the new MGA will have at launch was not stated. For buyers and brokers, the first test is whether the syndicate-backed platform can move quickly enough to matter in the US SME casualty market it wants to serve.
