Reinsurance News
Fidelis Insurance
Fidelis Insurance promotes Nicole Kapu-Leyland to Group General Counsel
12th March 2026
Fidelis Insurance Group, a global insurance and reinsurance company headquartered in Bermuda, has announced the appointment of Nicole Kapu-Leyland as Group General Counsel. In her new role, Kapu-Leyland will report directly to Dan Burrows, Group Chief Executive Officer of Fidelis Insurance Group. She joined the company in September 2023 as Senior Legal ... Read the full article
Fidelis entered into long-term, portfolio-wide partnership with OAK Global at Jan 1
10th March 2026
Fidelis Insurance Group completed an investment in Oak Global late last year, and the company confirmed on its recent Q4'25 earnings call that it initiated a portfolio-wide partnership with the Lloyd's reinsurer at the January 1st, 2026, renewals. In September 2025, OAK Re announced the rebranding of its group identity ... Read the full article
Fidelis Insurance to repurchase all remaining CVC Falcon shares
2nd March 2026
Fidelis Insurance Holdings, a strategic capital allocator and risk selector in specialty insurance and reinsurance, has entered into a definitive agreement to repurchase all remaining common shares held by CVC Falcon Holdings Limited (CVC), for an aggregate purchase price of $163,346,230.00. According to the announcement, Fidelis has agreed to repurchase 8,597,170 ... Read the full article
Fidelis makes preparations for new Pelagos branded entities in Bermuda
27th February 2026
Fidelis Insurance Group has taken a new step towards its global rebranding, reserving six company names in Bermuda, signalling the group’s preparation for its transition to Pelagos Insurance Capital Limited. While the group has secured multiple names, it is understood that not all may be used, as they may just ... Read the full article
Improved underwriting results in 2025 set stage for Fidelis’ Pelagos rebrand
26th February 2026
Alongside its full-year 2025 results, which included underwriting income of $117.2 million and a combined ratio of 94.8%, Fidelis Insurance Group has announced its intention to change its name to Pelagos Insurance Capital Limited. Fidelis explained that it expects to begin trading under the new ticker symbol (NYSE: PLGO) in May ... Read the full article
Fidelis Insurance increases common share repurchase authorisation to $400m
20th February 2026
Fidelis Insurance Group, a global specialty insurance and reinsurance company based in Bermuda, has expanded its capital management initiatives, increasing the current common share repurchase authorisation to $400 million. The expanded programme allows the company to buy back shares through open market purchases, accelerated share repurchases or privately negotiated transactions. This move ... Read the full article
Fidelis appoints William Waddell-Dudley as UK CUO
3rd November 2025
Bermuda-based insurer and reinsurer Fidelis Insurance Holdings Limited (Fidelis Insurance Group) has announced the appointment of William Waddell-Dudley as UK Chief Underwriting Officer (CUO). In his new role, Waddell-Dudley will work closely with the Bermuda and Ireland Chief Underwriting Officers to help shape the company’s underwriting strategy and drive innovation within ... Read the full article
Adverse aviation ruling and California wildfires push Fidelis to H1’25 loss
14th August 2025
Despite a $22.8 million H1 2025 net loss and a 110.1% combined ratio stemming from the English High Court’s Russia aviation ruling and California wildfires, Fidelis’s CEO has said the lessor policy dispute is effectively resolved, with only minimal exposure remaining. The court case centred on claims under aviation hull ... Read the full article
Fidelis GPW grows to $4.6bn as insurer celebrates 10-year anniversary
15th July 2025
The Fidelis Partnership and Fidelis Insurance Group celebrate the 10-year anniversary of Fidelis’ launch, highlighting its growth and key achievements over the past decade, including Fidelis Insurance Group’s increase in Gross Premiums Written from $102 million in 2015 to $4.6 billion in 2025. Founded by Richard Brindle, Fidelis began underwriting in ... Read the full article
Fidelis mulls appeal after High Court sides with lessors in Russian aviation case
11th June 2025
Following a recent ruling by the English High Court in favour of aircraft lessors for the 2021 and 2022 underwriting years, a key development in the ongoing Russia-Ukraine aviation litigation, Fidelis Insurance Group has announced it is “reviewing all options”, including the possibility of an appeal. Readers may recall that ... Read the full article
Fidelis Insurance closes $90m Herbie Re cat bond
2nd June 2025
Global specialty insurer Fidelis Insurance Group has successfully closed the seventh iteration of its Herbie Re catastrophe bond, providing the group with $90 million of collateralized reinsurance protection. The newly issued Series 2025-1 Notes will cover insured industry losses from a range of natural catastrophes, including earthquakes and named storms in ... Read the full article
Fidelis appoints Hannah Greenwood as CUO for Bermuda
22nd May 2025
Bermuda-based insurer and reinsurer Fidelis Insurance Holdings Limited has announced the appointment of Hannah Greenwood as Chief Underwriting Officer (CUO) for Bermuda. In her new role, Greenwood will oversee Fidelis Insurance Bermuda’s underwriting strategy, enhance risk management practices, and drive innovation across the Bermuda operations. She brings over a decade of insurance ... Read the full article
Fidelis reports Q1’25 net loss as LA wildfires hit underwriting performance
15th May 2025
Bermuda-based insurer and reinsurer Fidelis Insurance Holdings Limited has reported a net loss of $42.5 million and a higher combined ratio of 115.6% for the first quarter of 2025, as catastrophe losses, driven by the California wildfires, dented the underwriting performance, notably within its reinsurance business. Group-wide, Fidelis fell to an ... Read the full article
Fidelis sees outlook revision amid adverse aviation development & wildfire losses
8th April 2025
S&P Global Ratings has revised its outlook on Fidelis to stable from positive, citing significant Q4 2024 aviation-related losses from the Russia-Ukraine conflict and $160-$190 million in losses from the January 2025 California wildfires. As a reminder, Fidelis reported total underwriting income of $8.3 million for 2024, with a combined ... Read the full article
Fidelis’ reinsurance segment posts $217.4m underwriting income in 2024
26th February 2025
In its full-year 2024 results, Fidelis Insurance Holdings Limited revealed that its reinsurance segment saw an underwriting income of $217.4 million, up $54.9 million from 2023. GPW in the firm's reinsurance segment also increased, reaching $864.6 million, compared to $618.6 million in 2023. As per Fidelis, the increase in GPW in this ... Read the full article
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