Reinsurance News
Fidelis
Fidelis sees outlook revision amid adverse aviation development & wildfire losses
8th April 2025
S&P Global Ratings has revised its outlook on Fidelis to stable from positive, citing significant Q4 2024 aviation-related losses from the Russia-Ukraine conflict and $160-$190 million in losses from the January 2025 California wildfires. As a reminder, Fidelis reported total underwriting income of $8.3 million for 2024, with a combined ... Read the full article
Fidelis names Jonny Strickle as Group Managing Director
31st March 2025
Fidelis Insurance Holdings Limited, a specialty insurer, has announced the appointment of Jonny Strickle as Group Managing Director, reporting directly to CEO Dan Burrows. Strickle first joined Fidelis in 2020 and became the Group Chief Actuarial Officer following the completion of the Separation Transactions in 2023. With more than 15 years of ... Read the full article
Fidelis reports $287.2m Russia-Ukraine aviation reserve charge, LA wildfire loss of up to $190m
20th February 2025
In a loss update ahead of its Q4 and full year 2024 earnings, specialty insurer Fidelis Insurance Holdings Limited has reported net adverse prior year development in its Aviation and Aerospace line of business of $287.2 million, which has impacted the company's performance for both periods. Fidelis explains that the adverse ... Read the full article
Fidelis reports improved Q3’24 net income despite higher cat losses
13th November 2024
Fidelis Insurance Group has disclosed a Q3 2024 net income of $100.6 million, up from $87.7 million in the same period of last year, despite catastrophe and large losses increasing to $91.6 million. Fidelis' underwriting income in Q3 2024 was $80 million and the combined ratio was 87.4%, compared to an ... Read the full article
Fidelis Insurance promotes Aoife Woulfe to CUO, Ireland
26th September 2024
Fidelis Insurance Group, the global specialty insurer, has promoted Aoife Woulfe to the role of Chief Underwriting Officer (CUO) of Ireland. Woulfe joined Fidelis in May of this year as Head of Underwriting, Ireland, after spending more than a decade with Tokio Marine Kiln (TMK). During her tenure with TMK, Woulfe ... Read the full article
New non-profit Humanity Insured aims to insure 3.6 billion people against climate disasters
19th September 2024
Humanity Insured, a new UK and US non-profit organisation, has launched with the mission of empowering vulnerable communities to become more resilient to the impacts of climate change through the use of effective insurance solutions. Howden, a global insurance intermediary, spearheaded the creation of Humanity Insured, bringing together key players from ... Read the full article
Fidelis hires Arch’s Jason Kittinger as Group Chief Operating Officer
12th September 2024
Fidelis Insurance Group, the global specialty insurer, has appointed 20-year industry veteran Jason Kittinger as Group Chief Operating Officer. Kittinger, who is based in London, will report to Fidelis Insurance Group’s Chief Executive Officer, Dan Burrows. He will also serve as a member of the company's senior leadership team. In his new role, Kittinger ... Read the full article
Fidelis reports 25% rise in GPW and CoR of 92.7% in Q2’24
15th August 2024
Bermuda-based Fidelis Insurance Holdings Limited has reported net income of $53.7 million for the second quarter of 2024, despite catastrophe and large losses rising 113% year-on-year as the combined ratio weakened by 10.7 percentage points to 92.7%. The insurer and reinsurer's Q2'24 net income decreased by 36% year-on-year, as operating income ... Read the full article
John Symms joins White Bear MGA and Blenheim Underwriting
3rd June 2024
White Bear Group, a re/insurance company that owns Blenheim Underwriting, a syndicate at Lloyd’s of London, and White Bear Managers, an managing general agent (MGA) offering tailored insurance solutions, has appointed John Symms as Group Head of Capital Solutions. In this new position, Symms will be responsible for securing and enhancing ... Read the full article
Fidelis names Aoife Woulfe Head of Underwriting, Ireland
23rd May 2024
Global re/insurance company Fidelis Insurance Group has announced the appointment of Aoife Woulfe to the role of Head of Underwriting, Ireland. She will be based in Dublin and report to Group Chief Underwriting Officer, Ian Houston. Woulfe joins Fidelis after ten years at Tokio Marine Kiln (TMK), where she most recently served ... Read the full article
The Fidelis Partnership appoints new Head of Capacity and Ceded Reinsurance
22nd April 2024
The Fidelis Partnership, previously known as Fidelis MGU, has recently appointed Douglas Somerville as its new Head of Capacity and Ceded Reinsurance. Somerville brings 14 years of industry experience to his new role, offering a wealth of expertise. Before joining The Fidelis Partnership, Somerville spent over five years at reinsurance broker Howden ... Read the full article
The Fidelis Partnership to lead new Lloyd’s Syndicate 3123
28th March 2024
The Fidelis Partnership, formerly known as Fidelis MGU, has confirmed that Lloyd’s has granted “in principle” approval for the launch of Syndicate 3123 in collaboration with Fidelis Insurance Holdings Limited (Fidelis Insurance Group), a global specialty insurer, and Hampden Agencies, the largest provider of private capital to Lloyd’s. At the ... Read the full article
James Dumelow appointed Corporate Communications Director at Fidelis Insurance
9th February 2024
Fidelis Insurance Holdings Limited, the Bermuda-domiciled re/insurer, has hired James Dumelow as Corporate Communications Director, where he will report to Miranda Hunter, Head of Investor Relations. He joins the re/insurer with nearly 15 years of industry experience helping companies develop and implement group wide communications and marketing strategies. In his most recent ... Read the full article
Travelers renews quota share arrangement with Fidelis for 2024
19th January 2024
US insurer Travelers has renewed its quota share arrangement with Bermuda based re/insurer Fidelis Insurance, as market conditions remain attractive in the segments where this partnership had been targeted, according to the firms CFO. Speaking just now during Travelers fourth-quarter 2023 earnings call, CFO Dan Frey revealed that the Fidelis quota ... Read the full article
Fidelis “well placed” to pursue market opportunities: CEO Burrows
21st December 2023
Fidelis Insurance Group's Chief Executive Officer Dan Burrows has suggested the firm is "well placed" to pursue the significant opportunities it sees ahead in the market. The firm's Board of Directors have thus approved the adoption of a common share repurchase program of up to $50 million of its common shares. “Our ... Read the full article
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