Reinsurance News
Fidelis Insurance
Fidelis underwriting separation untested with execution risk potential: Moody’s
5th August 2022
Moody’s has assigned a Baa2 Long-Term Issuer rating to Fidelis Insurance Holdings Limited (FIHL) and A3 Insurance Financial Strength (IFS) ratings to its key (re)insurance operating subsidiaries, with a stable outlook for the group. Even though these ratings reflect Fidelis’ strength and quality, Moody’s stated that the separation of Fidelis’ underwriting ... Read the full article
Fidelis launches new MGU as it looks to separate its business
25th July 2022
Bermuda-based insurance and reinsurance holding company, Fidelis Insurance Holdings Limited, has announced the impending creation of a new managing general underwriter, which will be separated from its existing balance sheet carriers, called Fidelis MGU. According to Fidelis, the new structure enables each entity to focus on its core functions and specialisms, ... Read the full article
Fidelis joins the Net-Zero Insurance Alliance
12th May 2022
Specialty re/insurer Fidelis Insurance Holdings Limited has announced that it has joined the Net-Zero Insurance Alliance (NZIA), convened by the UN environment Programmes’ Principles for Sustainable Insurance Initiative. Joining NZIA highlights Fidelis’ commitment to supporting the insurance industry’s transition to net-zero underwriting by 2050. The NZIA was launched in July 2021, ... Read the full article
Fidelis names Swiss Re’s Olivia Brindle as Head of Sustainability
19th April 2022
Specialty insurer and reinsurer Fidelis has appointed Olivia Brindle as its new Head of Sustainability, joining from Swiss Re where she was an Investor Relations Senior Manager. In her previous role, she interacted with a wide range of stakeholders, both internal and external, on topics of financial and strategic importance, which ... Read the full article
Fidelis promotes Mark Herget to Deputy Group Head of D&F Property
11th April 2022
Fidelis Insurance has promoted Mark Herget to the position of Deputy Group Head of Direct & Facultative (D&F) Property, where he will continue to work alongside Co-Deputy FUL CUO and Group Head of D&F Property, Michael Davern. Herget joined Fidelis in April 2020 as an underwriter in its London office, transferring ... Read the full article
Fidelis, Arch back WTW’s low-carbon accreditation framework CTP
7th December 2021
Global re/insurance broker Willis Towers Watson has announced further industry backing of its climate-centred accreditation framework, in the form of an endorsement by Fidelis and Arch Insurance Climate Transition Pathways (CTP) has been designed to enable an organisation transition to a low-carbon economy via accreditation. WTW note that the framework is consistent ... Read the full article
Paul Russell appointed to lead Fidelis’ expanded marine efforts
4th November 2021
The insurance arm of Bermuda-based holding company Fidelis Insurance has appointed Paul Russell as the group’s new Head of Marine. Russell's arrival is part of a broader strategic effort by Fidelis to expand its marine segment internally as well as with its Marine MGA, Navium. Navium commenced underwriting under Clive Washbourne in May ... Read the full article
Fidelis renews quota share with Berkshire Hathaway
25th October 2021
Bermuda-based holding company Fidelis has renewed its 20% whole account quota share with Berkshire Hathaway for 2022. Richard Brindle, Chairman and Group Chief Executive Officer of Fidelis said the deal will enable the company to continue supplying significant capacity to clients. “I continue to believe that there is considerable need for lead ... Read the full article
Increase in capital enables Fidelis to continue to innovate: Dan Burrows
13th September 2021
After raising a significant amount of capital in 2020, a trend which has continued this year, specialty insurer and reinsurer, Fidelis Insurance Holdings Limited, continues to innovate and sees opportunities across most lines of business, according to Dan Burrows, Executive Chairman of Fidelis Bermuda and Group Managing Director. In 2020, equity ... Read the full article
Fidelis names Mathias as Director of Underwriting; Murfet takes on CRO role
5th August 2021
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. In this newly created role, Mathias takes on responsibility for ensuring that the firm's underwriting ... Read the full article
Fidelis raises capital as Travelers makes strategic minority investment
14th July 2021
Bermuda-based insurance and reinsurance holding company, Fidelis Insurance Holdings Limited, has announced that The Travelers Companies, Inc. has made a strategic minority investment in Fidelis. Terms of the transaction, which sees Fidelis raise additional capital with a strategic investor, were not disclosed. Fidelis operates a Three Pillar strategy across bespoke, reinsurance and ... Read the full article
Fidelis adds Samantha Message to Energy & Construction team
17th May 2021
Specialty re/insurer Fidelis has announced the appointment of Samantha Message to its underwriting team in London. Upon taking up her new role, Message will be underwriting Energy and Construction business at Fidelis. She brings more than 10 years of re/insurance industry and related experience in underwriting and client facing roles, focusing on ... Read the full article
Fidelis makes senior appointments within pricing team
23rd September 2020
Fidelis Insurance has announced the promotions of David Woods to Head of Property Pricing, and John-Paul O'Hare to Head of Specialty Pricing. Woods has been with the insurer for four years working as their pricing actuary. Previously he worked at RSA where he was an actuarial analyst for over five years. ... Read the full article
Fidelis raises another $300 million
18th June 2020
Fidelis Insurance Holdings Limited has announced the closing of its offering of $300 million aggregate principal amount of 4.875% Senior Notes due 2030, taking the aggregate amount of capital committed to be raised by the firm to more than $1 billion in the last six months. The company explains that the ... Read the full article
Fidelis raises a further $500 million of equity capital for growth
10th June 2020
Fidelis Insurance Holdings Limited, the specialty insurance and reinsurance firm, has announced that it has executed agreements to raise an additional $500 million of equity capital from existing investors. Combined with the successful raising of $300 million from existing stakeholders and a wholly owned subsidiary of the Abu Dhabi Investment ... Read the full article
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