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Fidelis

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

Fidelis secures additional $185mn, brings total raised to $1.3bn

10th December 2020

Specialty re/insurer Fidelis has raised an additional $185 million from investors, as the company looks to raise funds to support its growth plan. $60 million of equity capital has come from existing and new investor relationships including Alfa Insurance and affiliated companies, with which Fidelis has a long-standing relationship. Additionally, Fidelis has ... Read the full article

Fidelis raises $125mn from fresh debt issuance

9th November 2020

Specialty insurance and reinsurance firm, Fidelis Insurance Holdings Limited, has announced that it plans to raise an additional $125 million of capital via a new debt issuance. The company announced two separate issuances of 6.625% fixed-rate reset junior subordinated notes due April 1, 2041. One of these issuances is worth $105 million ... Read the full article

Fidelis enters Contingency and Fine Art & Specie markets with new hires

26th August 2020

Fidelis Underwriting Limited has announced its entry into the Contingency and Fine Art & Specie markets with the addition of two new underwriters. To drive the company's entry into the two markets, Fidelis has appointed Emily Clapham as a Contingency underwriter and Stacey Munton as a Fine Art & Specie underwriter. The ... Read the full article

David Turner joins Fidelis as Head of Claims

20th July 2020

Specialty insurance and reinsurance firm, Fidelis Insurance Holdings Limited, has announced the addition of David Turner as Head of Claims, effective immediately. Turner will be based in London and joins Fidelis from Amlin Group where he served for more than three decades, most recently as the Global Claims Director responsible for ... 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

Michael Davern joins Fidelis Underwriting as a Senior Underwriter

2nd March 2020

Bermuda domiciled insurance and reinsurance firm, Fidelis Insurance Holdings Limited, has announced the appointment of Michael Davern as a Senior Underwriter for Fidelis Underwriting Limited. In his new role, Davern will lead the growth of the company's direct and facultative writings based in the London office, while at the same time ... 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

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