Reinsurance News

Fidelis MGU appoints Ben Fortune as CUO, Bermuda

1st March 2023 - Author: Kassandra Jimenez-Sanchez -

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Fidelis MGU has announced the promotion of Ben Fortune to Chief Underwriting Officer of its Bermuda operation

Launched last year, the MGU is part of Bermuda-based insurance and reinsurance holding company, Fidelis Insurance Holdings Limited. With its creation, the re/insurer aimed to separate the business from its existing balance sheet carriers.

Starting his new role with immediate effect, Fortune will be responsible for overseeing all books of business written out of Bermuda as well as managing the company’s Bermudian based team of underwriters.

He has more than 16 years of industry experience and joined Fidelis in 2015 as an Underwriter, later becoming Head of International Reinsurance in 2020.

Fortune spent several years as an Actuarial Analyst, before moving to underwriting. During this time, he held roles at Leadenhall Capital Partners, Aon and Lockton.

Commenting on the appointment, Richard Brindle, Chairman & Group Chief Executive Office, saide: “Since joining in 2015, Ben has become an outstanding member of Fidelis MGU.

“This promotion showcases his commitment and dedication to ensuring Fidelis MGU continues to be a market leader and natural home for talented underwriters such as Ben. I am delighted to be able to recognise all his hard work and welcome him to the role of Chief Underwriting Officer in Bermuda.”

Last month, Fidelis MGU announced the appointments of Daniel O’Connell as Head of Bespoke, Armand van Hien as Head of Marine Cargo and Greg Bowman as Head of Capital.