Reinsurance News
Fidelis
Fidelis takes stake in MGA Perigon for product recall
4th November 2019
Fidelis Insurance, the privately owned Bermuda-based holding company, has taken an equity stake in managing general agent (MGA) Perigon Product Recall Limited. Perigon’s focus will be product recall and product contamination coverage for food and beverage producers, restaurant operations, auto manufacturers, and a range of other recall classes of insurance. As part ... Read the full article
Fidelis bolsters London underwriting team with Matthew Bellamy
22nd October 2019
Privately owned Bermuda-based holding company Fidelis Insurance has appointed Matthew Bellamy to Fidelis Underwriting Limited’s London team. Effective November 1, Bellamy will look to further build on FUL's property treaty reinsurance business. He brings over 13 years’ and joins from Lloyd’s Acapella Syndicate, where he most recently served as head of property ... Read the full article
Fidelis Underwriting adds marine experience to London underwriting team
3rd September 2019
Bob Clarkson has joined the London underwriting team of Fidelis Underwriting Limited, a subsidiary of Bermuda-based Fidelis Insurance Holdings Limited. His appointment comes as part of the group's strategic initiative to continue to develop its focused offering of specialty insurance solutions. Clarkson brings three decades of industry experience to the role, as ... Read the full article
Fidelis names Dublin CUO & CEO as Colm Lyons departs
7th August 2019
Fidelis Insurance Ireland DAC (FIID), Fidelis Insurance's Dublin hub, has appointed Robert Kelly as Chief Executive Officer (CEO) and Simon Crone as Chief Underwriting Officer (CUO), positions previously held by the departing Colm Lyons. Kelly joined the firm in 2018 from PartnerRe as Chief Financial Officer (CFO) of FIID, and ... Read the full article
Fidelis rebrands third party capital arm, names Vandoninck as head
4th July 2019
Fidelis Insurance, the privately owned Bermuda-based holding company, has rebranded its partnership business as Socium, and named Philip Vandoninck as its Chief Executive Officer (CEO). Socium, which will manage Fidelis’ third-party reinsurance capital activities, was rebranded to align with the company’s sidecar vehicle, Socium Re. Fidelis explained that the move was part ... Read the full article
Fidelis establishes post-Brexit re/insurance hub in Dublin
23rd October 2018
Fidelis Insurance, the privately owned Bermuda-based holding company, has received approval from the Central Bank of Ireland to establish a regulated re/insurer in Dublin in preparation for the UK’s departure from the European Union in March 2019. Fidelis Insurance Ireland DAC (FIID) has been approved to write bespoke and specialty insurance ... Read the full article
Fidelis backs new Kersey MGA, increasing energy market capacity
21st September 2018
Fidelis Insurance, the privately owned Bermuda-based holding company, has taken an equity stake in Kersey Specialty Limited, a new Managing General Agent (MGA) with a focus on Upstream Energy subscription market insurance. The company will also provide underwriting capacity to Kersey, which will be managed through Fidelis’s subsidiary MGA platform, Pine ... Read the full article
Fidelis appoints Lancashire’s Creagh-Coen as Head of Strategic Relationships
2nd July 2018
Fidelis Insurance has announced the appointment of Jonathan Creagh-Coen, former Head of Investor Relations and Marketing at Lancashire, to the position of Head of Strategic Relations, effective immediately. Creagh-Coen will be tasked with developing strategic relationships with Fidelis’ key stakeholders, as well as leading and managing the investor relations function. He has ... Read the full article
Fidelis rebrands Firestone MGA to Oakside
25th June 2018
Fidelis Insurance, the privately owned Bermuda-based holding company, has announced that it has rebranded its Managing General Agent (MGA), Firestone Surety Limited, to Oakside Surety Limited. Following the rebrand, Oakside will continue to focus on the small and medium-sized enterprises (SMEs) sector of the surety market. The MGA's original name was only intended ... Read the full article
Fidelis invests in new mortgage indemnity MGA, Aware Specialty
17th May 2018
Fidelis Insurance has taken an equity stake in a newly incorporated managing general agent (MGA), Aware Specialty Limited, which focuses on mortgage indemnity insurance. Aware will be managed through Pine Walk Capital Limited, Fidelis’ subsidiary MGA platform, and will provide Fidelis with mortgage indemnity insurance capacity in return for underwriting support. Giles ... 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’ 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
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