Reinsurance News

Fidelis enters Contingency and Fine Art & Specie markets with new hires

26th August 2020 - Author: Luke Gallin

Fidelis Underwriting Limited has announced its entry into the Contingency and Fine Art & Specie markets with the addition of two new underwriters.

To drive the company’s entry into the two markets, Fidelis has appointed Emily Clapham as a Contingency underwriter and Stacey Munton as a Fine Art & Specie underwriter.

The pair will be based in London, joining the Fidelis Specialty Team and will both report to Kayley Stewart, Head of Specialty at the firm.

Fidelis’ Chief Underwriting Officer (CUO), Richard Coulson, commented: “The Contingency market has been turned upside down by the global impacts of Covid-19. As incumbents in this market withdraw and retrench there is real opportunity for Fidelis to take a lead role in innovating, restructuring and repricing products to ensure clients of this market continue to have access to long term risk transfer solutions.

“Fidelis can provide innovation and leadership for these products, and we are excited to have an underwriter of Emily’s calibre join to spearhead this business for the group.”

Stewart added: “Our entry into the Fine Art and Specie market is part of our very deliberate strategy of broadening Fidelis’ product base across all Specialty lines that are seeing significant hardening of rates, terms and conditions.

“As capacity continues to contract, Stacey brings with her a wealth of expertise and relationships that have already seen Fidelis take the lead position on several major placements in line with our plans for positioning ourselves as a go-to lead in this market going forwards.”

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