Fidelis MGU has bolstered its underwriting team with the promotions of Richard Coulson to Deputy Group CUO, Michael Davern to UK CUO, and Matthew Bellamy to Deputy UK CUO.
In addition to his new role as Deputy Group Chief Underwriting Officer (CUO), Richard Coulson is set to remain in his secondary role as CEO of Insurance.
Coulson previously served as UK CUO, overseeing all business written from London and the Group’s Insurance lines.
Fidelis MGU said his new responsibilities as Deputy Group CUO will expand to include assisting with the management of its global underwriting portfolio across all lines of business.
Meanwhile, Michael Davern, who was most recently Deputy UK CUO, will be taking over the role of UK CUO from Coulson, simultaneously remaining in his role as Group Head of D&F Property, Energy and Construction, leading the management of the UK portfolio.
Davern began his career in the industry in 2003 at Lane Clark & Peacock actuarial consultancy. After qualifying as an actuary, he moved into underwriting at Catlin Syndicate, progressing to Underwriting manager. Davern joined Fidelis in 2020 as a Senior Underwriter.
Matthew Bellamy, who has been promoted to Davern’s former role as Deputy UK CUO, will also continue as Director of Underwriting for the Group with responsibility for underwriting data, systems, processes and reporting.
Bellamy joined Fidelis in 2019 as a senior underwriter, though began his career in the industry at Amlin as a US Property Treaty Underwriter. He later moved to Acappella Syndicate in 2014, where he held multiple senior underwriting roles on the Property Treaty team and was Deputy Active Underwriter.
Fidelis MGU has also promoted Jamie Cann to Head of Aviation and Space, Savannah Thompson to Head of Political Risk and Abigail Wilkins to Head of Airlines, recognising their leadership in these lines of business and the significant expansion of these portfolios.
Richard Brindle, executive chairman and CEO of Fidelis MGU, commented, “It is an exciting time for Fidelis MGU as we take advantage of our separation from the Fidelis Insurance Group to redouble our focus on underwriting and our balance sheet colleagues complete a successful first earnings release as a public company.
“These promotions recognise the fantastic contributions that these colleagues have made in executing our plans for growth and profitability.
“We are constantly looking for ways to recognise our talent and to strengthen our underwriting teams for the commitment and hard work they have shown. Congratulations to all on their promotions and I look forward to their continued success.”
