Fidelis adds capacity in product recall insurance with MGA Perigon

Fidelis adds capacity in product recall insurance with MGA Perigon 150 150 Haggie Partners

Fidelis Insurance announced it has taken an equity stake in new MGA Perigon ProductRecall Limited, and will be providing underwriting capacity.   Perigon’s focus will be product recall and product contamination coverage forfood and beverage producers, restaurant operations, auto manufacturers as well as a broad range of other recall classes of insurance. This will bemanaged through Pine Walk Capital Limited, Fidelis’ subsidiary MGA platform.

Ian Bailey will run Perigon, bringing 20+ years’ experience in the industry and 15 years specialising in the field of product recall and contamination. Beginning his career at Independent Insurance and then progressing to RSA, his focus on product recall began at AIG beforemoving to great success at XL Catlin and more latterly Hiscox.

Philip Vandoninck, Executive Head of Partnerships, said: “Ian brings extensive knowledge and experience of the Product Recall Market havingworked for the most innovative market leaders in both company and Lloyd’s markets.  We are delighted to support this new MGA and welcomeIan to the Pine Walk team.”

Ian Bailey is delighted with the launch of this MGA: “Perigon is a huge opportunity to leverage my extensive relationships and experience ofproduct recall insurance in a close working partnership with Fidelis and Pine Walk. Our proposition is to provide market leading comprehensivesolutions focused on first class service for our brokers and clients across a broad range of different product risks. We look forward to providing a flexible, consistent and empowered service to all of our customers.”