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Fidelis

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’ Radius MGA launches, begins operations from November 1st 2017

1st November 2017

Fidelis Insurance has launched its first managing general agent (MGA), Radius, and has announced that it will be led by Rob Ashton, who joins from reinsurer Hiscox Re. It was announced in July, 2017 that the specialist MGA would begin writing business from January 1st, 2018, but this has now ... 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

Charles Mathias appointed to Fidelis Board

14th August 2017

Fidelis Insurance has announced that Charles Mathias, Group Chief Risk Officer (CRO), has been appointed to the Fidelis Board, replacing Neil McConachie. McConachie resigned as Chief Financial Officer (CFO) and Director earlier in 2017, but retains a consulting relationship with the firm until the end of 2017. Mathias joined Fidelis in 2016 from ... 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

Novae & Fidelis announce quota share agreement

29th March 2017

Lloyd’s specialist insurer, Novae Group, announced that it has entered into a quota share reinsurance agreement with Fidelis Insurance Bermuda Limited (FIBL) to cover Syndicate 2007’s US Property Catastrophe Treaty excess of loss portfolio for 2017. Robert Forster, Chief Underwriting Officer at Novae, said; “I am pleased to announce this strategic ... Read the full article

Fidelis names Hinal Patel as CFO to succeed McConachie

6th March 2017

Fidelis Insurance, the total-return style insurance and reinsurance start-up launched by ex-Lancashire executives Richard Brindle and Neil McConachie, has announced that Hinal Patel will succeed McConachie in the role of Chief Financial Officer. McConachie was announced as stepping down from the Chief Financial Officer role for personal reasons back in ... Read the full article

McConachie steps down from CFO role at Fidelis Insurance

13th January 2017

Fidelis Insurance, the total-return style insurance and reinsurance start-up launched by ex-Lancashire executives Richard Brindle and Neil McConachie has lost one of its founders, as McConachie has been announced as stepping down from the Chief Financial Officer role. McConachie, who partnered with Richard Brindle to launch Fidelis in 2015, is leaving ... Read the full article

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