Reinsurance News
Fidelis Insurance
A.M. Best upgrades credit ratings of Fidelis
4th June 2020
Fidelis Insurance Holdings Limited and its subsidiaries have had their credit ratings upgraded by international financial services ratings agency, A.M. Best. Specifically, the ratings agency has upgraded the Financial Strength Rating (FSR) to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) to "a" from "a-" of ... Read the full article
Fidelis raises $300mn of equity capital for growth
11th February 2020
Bermuda domiciled insurance and reinsurance firm, Fidelis Insurance Holdings Limited, has secured around $300 million of equity capital from existing stakeholders and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA). As the re/insurer welcomes ADIA as a new investor to the firm, Fidelis states that the proceeds from ... Read the full article
Fidelis appoints Burrows as Group MD, Burford as UK CEO
4th February 2020
Fidelis Insurance, the privately owned Bermuda-based holding company, has announced the appointment of Daniel Burrows as Group Managing Director for Fidelis Group. Burrows joined Fidelis in 2015 and previously was co-CEO of AonBenfield’s Global ReSpeciality (GRS) division. “I am delighted Dan has accepted the position of Group Managing Director,” said Richard Brindle, ... Read the full article
Fidelis names John Symms Head of Outwards Reinsurance
27th January 2020
Fidelis Insurance, the privately owned Bermuda-based holding company, has announced the appointment of John Symms as Head of Outwards Reinsurance. Going forward, Symms will coordinate all aspects of Fidelis’s engagement with reinsurers across all segments of the business. In this role, he will work closely with Phil Vandoninck, Chief Executive Officer (CEO) ... Read the full article
Fidelis recruits Kayley Stewart as Terror and Political Violence underwriter
25th November 2019
Fidelis Insurance, the privately owned Bermuda-based holding company, has added Kayley Stewart to its Fidelis Underwriting Limited (FUL) London underwriting team as part of a push to build out its Terrorism and Political Violence account. Stewart arrives at Fidelis from Liberty, where she most recently served as a senior underwriter. She has ... Read the full article
Fidelis takes stake in MGA Perigon for product recall
4th November 2019
Fidelis Insurance, the privately owned Bermuda-based holding company, has taken an equity stake in managing general agent (MGA) Perigon Product Recall Limited. Perigon’s focus will be product recall and product contamination coverage for food and beverage producers, restaurant operations, auto manufacturers, and a range of other recall classes of insurance. As part ... Read the full article
Fidelis bolsters London underwriting team with Matthew Bellamy
22nd October 2019
Privately owned Bermuda-based holding company Fidelis Insurance has appointed Matthew Bellamy to Fidelis Underwriting Limited’s London team. Effective November 1, Bellamy will look to further build on FUL's property treaty reinsurance business. He brings over 13 years’ and joins from Lloyd’s Acapella Syndicate, where he most recently served as head of property ... Read the full article
Fidelis Underwriting adds marine experience to London underwriting team
3rd September 2019
Bob Clarkson has joined the London underwriting team of Fidelis Underwriting Limited, a subsidiary of Bermuda-based Fidelis Insurance Holdings Limited. His appointment comes as part of the group's strategic initiative to continue to develop its focused offering of specialty insurance solutions. Clarkson brings three decades of industry experience to the role, as ... Read the full article
Fidelis names Dublin CUO & CEO as Colm Lyons departs
7th August 2019
Fidelis Insurance Ireland DAC (FIID), Fidelis Insurance's Dublin hub, has appointed Robert Kelly as Chief Executive Officer (CEO) and Simon Crone as Chief Underwriting Officer (CUO), positions previously held by the departing Colm Lyons. Kelly joined the firm in 2018 from PartnerRe as Chief Financial Officer (CFO) of FIID, and ... Read the full article
Fidelis rebrands third party capital arm, names Vandoninck as head
4th July 2019
Fidelis Insurance, the privately owned Bermuda-based holding company, has rebranded its partnership business as Socium, and named Philip Vandoninck as its Chief Executive Officer (CEO). Socium, which will manage Fidelis’ third-party reinsurance capital activities, was rebranded to align with the company’s sidecar vehicle, Socium Re. Fidelis explained that the move was part ... Read the full article
Fidelis establishes post-Brexit re/insurance hub in Dublin
23rd October 2018
Fidelis Insurance, the privately owned Bermuda-based holding company, has received approval from the Central Bank of Ireland to establish a regulated re/insurer in Dublin in preparation for the UK’s departure from the European Union in March 2019. Fidelis Insurance Ireland DAC (FIID) has been approved to write bespoke and specialty insurance ... Read the full article
Fidelis backs new Kersey MGA, increasing energy market capacity
21st September 2018
Fidelis Insurance, the privately owned Bermuda-based holding company, has taken an equity stake in Kersey Specialty Limited, a new Managing General Agent (MGA) with a focus on Upstream Energy subscription market insurance. The company will also provide underwriting capacity to Kersey, which will be managed through Fidelis’s subsidiary MGA platform, Pine ... Read the full article
Fidelis announces key appointments as Bermuda CEO Ben Savill departs
14th September 2018
Fidelis Insurance, the privately owned Bermuda-based holding company, has announced a series of key role changes including the replacement of Ben Savill as Bermuda Chief Executive Officer. The announcement comes as Fidelis strengthens restructuring its business along four pillars: Bespoke, Reinsurance, Partnerships and Specialty. Hinal Patel, Group Chief Financial Officer, will lead ... Read the full article
Fidelis appoints Lancashire’s Creagh-Coen as Head of Strategic Relationships
2nd July 2018
Fidelis Insurance has announced the appointment of Jonathan Creagh-Coen, former Head of Investor Relations and Marketing at Lancashire, to the position of Head of Strategic Relations, effective immediately. Creagh-Coen will be tasked with developing strategic relationships with Fidelis’ key stakeholders, as well as leading and managing the investor relations function. He has ... Read the full article
Fidelis rebrands Firestone MGA to Oakside
25th June 2018
Fidelis Insurance, the privately owned Bermuda-based holding company, has announced that it has rebranded its Managing General Agent (MGA), Firestone Surety Limited, to Oakside Surety Limited. Following the rebrand, Oakside will continue to focus on the small and medium-sized enterprises (SMEs) sector of the surety market. The MGA's original name was only intended ... Read the full article
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