Pinion Insurance hires US chief underwriting officer
Pinion Insurance, the newly launched technology-enabled speciality insurer incorporated in Bermuda, has appointed Kyle Selvig as its United States chief underwriting officer as it prepares to enter the American programme market.
The company said Mr Selvig’s appointment is effective immediately. He will be based in Jacksonville, Florida, and report to Philip Vandoninck, Pinion’s group CUO.
Pinion was formally launched this week with $180 million in committed capital and backing from global asset manager Barings. The insurer plans to offer capacity to managing general agents in the US initially, before expanding into Britain and the European Union, subject to regulatory approvals.
Mr Selvig will be responsible for building Pinion’s US MGA network and supporting the rollout of its proprietary underwriting platform. The company expects its first US business to bind in the second quarter of 2026, pending regulatory approval.
Mr Selvig joins from Fortegra, where he spent nearly a decade and most recently served as vice-president of commercial underwriting. In that role, he managed about $400 million in gross written premiums across multiple commercial and personal property and casualty programmes. He has 25 years of experience in the property and casualty sector, including underwriting leadership positions at Citizens Property Insurance.
Mr Vandoninck said Mr Selvig’s experience would be “pivotal as we grow the MGA portfolio across the US”.
Mr Selvig said Pinion’s tech-focused platform was “exactly what the US programme insurance market needs”, adding that he was “thrilled to have the opportunity to work with the founders to build out the company and deliver exceptional bottom-line results”.
Pinion is headquartered in London and is seeking multi-jurisdictional licences in the US, Britain and the EU, as well as a financial strength rating from AM Best.
