Reinsurance News
Fidelis Insurance
Fidelis launches Bermuda-domiciled ILS sidecar Socium
5th June 2018
Fidelis Insurance Holdings (Fidelis) has announced the launch of Socium Insurance (Socium), a Bermuda-domiciled special purpose insurer set to provide collateralised capacity support for Fidelis’ reinsurance portfolio. Having entered into a quota share agreement with Fidelis on June 1 2018, Socium is able to reinsure a share of Fidelis’ worldwide excess ... Read the full article
Fidelis hires new senior underwriter Alison Clarke from Zurich
3rd April 2018
Fidelis continues to build out its London underwriting team with the announcement today that it has hired Alison Clarke from Zurich, who joins the Fidelis Insurance London underwriting team as Senior Underwriter. Clarke will be tasked with helping the firm to continue expanding its bespoke product offering, as well as taking ... Read the full article
Richard Coulson named Chief Underwriting Officer of Fidelis
9th January 2018
Richard Coulson has been promoted to the role of Chief Underwriting Officer (CUO) of Fidelis Underwriting Limited (FUL), reporting to Chief Executive Officer (CEO) of FUL, Daniel Burrows, effective immediately. Coulson joined Fidelis in 2015 as Head of Specialty, before being appointed Director of FUL Underwriting in 2017. Before Fidelis, he worked ... Read the full article
Fidelis Insurance buys stake in MGA Firestone Surety
18th December 2017
Fidelis Insurance has bought an equity stake in a new Managing General Agent, Firestone Surety, and will be providing its underwriting capacity. Firestone will focus on the small and medium-sized enterprises sector of the surety market and will be managed through Pine Walk Capital, Fidelis’ subsidiary MGA platform. Firestone will be head ... Read the full article
Fidelis hires Burford (ex-Novae) as Chairman Specialised Risks
30th August 2017
Specialty insurance and reinsurance provider Fidelis Insurance has announced the hiring of Ian Burford, previously at Novae, to join its London underwriting team as Chairman of Specialised Risks as from September 4th. Burford has more than 30 years of experience in the London insurance and reinsurance market, most recently as Underwriting ... Read the full article
Fidelis promotes Ian Turner to Group Chief Actuary
5th July 2017
Specialty insurance and reinsurance provider Fidelis Insurance has promoted Ian Turner to the role of Group Chief Actuary, subject to all necessary approvals. Turner joined Fidelis as Head of Capital Modelling in 2016. He will take up the new actuarial role with immediate effect and will report to Hinal Patel, Group ... Read the full article
Fidelis & former Hiscox Re exec Ashton launch specialty joint venture
3rd July 2017
Fidelis Insurance has announced the creation of a new specialty joint venture with Rob Ashton, former head of specialty at Hiscox Re Specialty, that will have a strong focus on the cyber reinsurance market. The new venture will begin writing business from January 1st, 2018, with a focus on niche specialty ... Read the full article
Fidelis looks to expand niche specialty reinsurance business with backing of new MGA
2nd May 2017
Fidelis Insurance has revealed plans to expand its capabilities in the niche specialty reinsurance sector by backing Hiscox Re executive, Rob Ashton's plans to establish a managing general agent (MGA) in partnership with Nexus. Fidelis has announced that it will sponsor Ashton's new entity, which is expected to start writing business ... Read the full article
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