Reinsurance News

Fidelis

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 joins Poseidon Principles for Marine Insurance

3rd March 2022

Specialty insurer and reinsurer Fidelis has become the latest company to join the Poseidon Principles for Marine Insurance, which sets a framework for responsible insurance practices in the maritime sector. As part of the shipping ecosystem, Fidelis believes that marine insurers have a part to play in promoting responsible environmental stewardship, ... Read the full article

Fidelis’s Pine Walk launches specialist energy liability MGA

12th January 2022

Pine Walk Capital Limited, a Fidelis Group company and specialist MGA platform, has announced the launch of its sixth MGA, OPEnergy Limited. OPEnergy received regulatory approval from the FCA on 6 January 2022 and will write onshore and offshore energy liability risks, providing public, products and pollution liability lines. The MGA is ... Read the full article

Fidelis promotes Louise Jarvis to Deputy Director of Underwriting

4th January 2022

Bermuda-based holding company Fidelis Insurance has promoted Louise Jarvis to the position of Deputy Director of Underwriting in addition to her current role of Group Head of Contract Wordings. Jarvis joined Fidelis in 2017 as Senior Wordings Specialist and was promoted to Group Head of Contract Wordings in 2019 where she ... Read the full article

Fidelis makes three promotions within underwriting arm

9th November 2021

Fidelis Underwriting Limited, a subsidiary of Bermuda-based Fidelis Insurance Holdings Limited, has promoted Kayley Stewart to the position of Co-Deputy Chief Underwriting Officer (CUO), and Head of Crisis Management. Stewart's promotion is followed by Michael Davern's appointment to the role of Co-Deputy CUO and Head of D&F and Energy. Matthew Bellamy has ... 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 opens ‘Forum’ trading floor in London

28th October 2021

Fidelis Insurance Holdings Limited has opened the 'Forum', a new trading hub for the company and its MGA, Pine Walk Capital, located at 37-39 Lime Street, London. The new state-of-the-art trading floor is now open, enabling brokers to meet with Fidelis underwriters, actuaries, wordings and claims specialists to explore opportunities across ... 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 hires Victor Riega as head of sustainability

16th August 2021

Fidelis Insurance Holdings, the specialty insurance and reinsurance firm launched by Richard Brindle, has appointed Victor Riega as its first head of sustainability. Riega joins Fidelis from Standard Chartered where he was a Senior Sustainability Manager. Prior to Standard Chartered, he worked at Aviva where he led their approach to human rights, ... 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 provides credit default insurance to German mortgage firm

25th June 2021

Fidelis Insurance Ireland DAC, a local subsidiary of the specialty re/insurer, has provided a B2B credit default insurance solution for German mortgage company Wüstenrot Bausparkasse AG. Formed in 1999 from the merger of the two traditional companies Wüstenrot and Württembergische, the W&W Group develops and brokers protection, home ownership, risk protection ... Read the full article

Fidelis refuses to back Australia’s Carmichael coal mine

15th December 2020

Specialty re/insurer Fidelis has confirmed that it will rule out underwriting the Adani Carmichael coal project in Central Queensland, Australia, making it the 28th re/insurer to publicly make this commitment. “We are committed to driving forward anti-coal initiatives, we look to shape change by not offering insurance to companies that extract ... Read the full article