Pine Walk launches energy liability MGA

MGA platform Pine Walk Capital Limited has launched OPEnergy, which will be based in Lime Street and write onshore and offshore energy liability risks and offer public, products and pollution liability lines. The Financial Conduct Authority granted the new MGA regulatory approval on 6th January.

Oliver Brown, who has developed and managed energy liability portfolios at Berkshire Hathaway Specialty Insurance, Catlin and Zurich will lead OPEnergy as CEO. Underwriter Penny Wang also joins from Berkshire Hathaway Specialty Insurance.

Rinku Patel, CEO of Pine Walk Capital, said: “The energy liability market has shown significant price strengthening over the last few years; this combined with Oliver’s experience and market reputation made launching OPEnergy an easy decision for both of us.”

Brown added: “We see a significant opportunity to bring new risk solutions to the energy liability market in 2022.”

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