Imala Re has named Edward Herrera (pictured above) as deputy chief underwriting officer, effective Jan. 5. The Latin American and Caribbean treaty reinsurance MGA operates through The Fidelis Partnership's Pine Walk platform.
Herrera joins from MS Reinsurance, where he served as lead underwriter for over a decade. He previously held the role of vice president for Latin America and the Caribbean at Everest Reinsurance and served as a senior underwriter at Flagstone Reinsurance. Altogether, he brings more than 25 years of specialty reinsurance experience to the position.
Based at Imala Re's Miami headquarters, Herrera will work with CEO and chief underwriter Ivan Vega on the growth of the firm's Latin American portfolio. The MGA serves both regional and non-regional clients.
Imala Re was the third MGA launched by Pine Walk in 2025. Pine Walk COO Nigel Lee said the launch complements The Fidelis Partnership's wider BRICS+ strategy, citing opportunity and demand in the region.
Imala Re began underwriting for Jan. 1, 2026 inceptions following its October launch. The firm provides catastrophe excess of loss, risk excess of loss, and quota share solutions to locally domiciled treaty clients and select multinationals.
The appointment follows a period of growth for Fidelis Insurance Group, which reported gross premiums written of US$797.5 million in Q3 2025, a 7.5% increase year-over-year. In the first half of 2025, the group returned US$132.8 million to shareholders, including US$110.8 million in share repurchases and US$22 million in dividends.
The Fidelis Partnership reported US$4.6 billion in gross written premium for 2024, a 29% increase year-over-year. Pine Walk currently supports 16 active MGAs, with gross written premium projected to exceed US$1.2 billion in 2025, up from US$900 million in 2024.
Vega said Herrera's market expertise and local relationships will support the firm's opportunities in Latin America and The Fidelis Partnership's High Growth Markets strategy.
Herrera said joining Imala Re represents an opportunity to build out an MGA offering for the Latin American market.
