Reinsurance News

Fidelis names Mathias as Director of Underwriting; Murfet takes on CRO role

5th August 2021 - Author: Luke Gallin

Fidelis Insurance Holdings Limited, the specialty insurance and reinsurance firm launched by Richard Brindle, has appointed Charles Mathias as its first Group Director of Underwriting, supporting the Chief Executive Officers (CEOs) of insurance, reinsurance, and Socium.

Charles MathiasIn this newly created role, Mathias takes on responsibility for ensuring that the firm’s underwriting data, systems, processes and reporting are of the highest standard.

Previously, Mathias served as Group Chief Risk Officer (CRO) at Fidelis, a role that now belongs to Phillip Murfet, formerly the carrier’s Group Portfolio Manager and Head of Catastrophe Modelling.

Fidelis’ Chairman and Group CEO, Brindle, commented: “The scale and scope of our underwriting capabilities have increased dramatically over the last two years. We now offer over 60 different products working with our clients through brokers and MGAs. So our underwriting controls, systems and data are at the centre of what we do, not just for our own needs but also for those of our Socium partners and other stakeholders.

“We have already developed market leading tools to manage our underwriting and analytics. We now need to move to the next level of automation and reporting. Charlie has great experience in these areas and will ensure we remain efficient and focused.”

Mathias added: “Phil Murfet has already shown real understanding and innovation in his roles in portfolio management and modelling. As such he has worked closely with me and the risk team and has a thorough understanding of our risk appetites, framework and tolerances. He has already contributed significantly to the development of our proprietary FireAnt aggregation and analytics tool, and he will be looking for opportunities to enhance our risk management and reporting tools for operational and all other risk sectors.”

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