Reinsurance News

The Fidelis Partnership

O’Riordan succeeds Patel as CFO of The Fidelis Partnership

11th August 2025

Conor O’Riordan has been promoted to Group Chief Financial Officer (CFO) at The Fidelis Partnership (TFP), succeeding Hinal Patel, who is leaving the business for health reasons. As CFO, O’Riordan will oversee the financial reporting, planning, treasury, corporate finance and investor relations functions, continuing to work closely with Grahame Dawe (UK ... Read the full article

Fidelis GPW grows to $4.6bn as insurer celebrates 10-year anniversary

15th July 2025

The Fidelis Partnership and Fidelis Insurance Group celebrate the 10-year anniversary of Fidelis’ launch, highlighting its growth and key achievements over the past decade, including Fidelis Insurance Group’s increase in Gross Premiums Written from $102 million in 2015 to $4.6 billion in 2025. Founded by Richard Brindle, Fidelis began underwriting in ... Read the full article

Fidelis MEASA sees strong growth, delivering $88m in GWP to TFP in 2024

28th May 2025

Celebrating one year since the launch of The Fidelis Partnership’s (TFP) Abu Dhabi Global Market office, Fidelis MEASA has delivered strong growth, contributing a significant $88 million in Gross Written Premium (GWP) to TFP’s group-wide GWP of $4.6 billion in 2024. The opening of the Abu Dhabi office a year ... Read the full article

The Fidelis Partnership appoints Peter Welton as Head of Specialty

6th May 2025

The Fidelis Partnership (TFP), a privately owned, Bermuda-domiciled managing general underwriter, has appointed Peter Welton as its new Head of Specialty. In the role, Welton will report to John-Paul O’Hare, TFP’s Director of Underwriting. He takes on responsibility for supporting the continued growth of TFP’s leading specialty offering focusing on aviation, space ... Read the full article

The Fidelis Partnership appoints Suzanne Wells & Erik Manning to senior roles

10th April 2025

The Fidelis Partnership (TFP) has announced the appointments of Suzanne Wells as Chief Operating Officer (COO) and Erik Manning as Head of Ceded Reinsurance. Effective July 2025, Wells will be based in London. She joins TFP from Arch Insurance International, where she serves as Deputy UK COO, overseeing key UK functions ... Read the full article

The Fidelis Partnership’s Pine Walk hires Tim Morgan to launch new A&H MGA

31st March 2025

Pine Walk Capital Limited, the specialist MGA platform and wholly owned subsidiary of The Fidelis Partnership (TFP), has hired Tim Morgan to launch a new Accident & Health MGA. The new MGA is expected to launch later in 2025, subject to regulatory approvals, targeting a broad portfolio of global A&H business ... Read the full article

The Fidelis Partnership promotes Nadia Beckert to CUO of Bermuda office

25th March 2025

The Fidelis Partnership has promoted Nadia Beckert to Chief Underwriting Officer at its Bermuda office, highlighting her dedication and ongoing contributions to the growth of the firm's reinsurance business in the region. Beckert joined Fidelis in 2021 and was promoted to Head of International Reinsurance in 2023. Before Fidelis, she was ... Read the full article

The Fidelis Partnership’s Pine Walk launches new casualty MGA Sevanta

24th March 2025

The Fidelis Partnership's (TFP) wholly-owned subsidiary, Pine Walk Capital Limited, has launched Sevanta Specialty Liability Limited (Sevanta), a new international casualty MGA. Sevanta will specialise in niche international specialty liability, writing business globally on both a primary and excess basis. This marks Pine Walk’s first casualty MGA and aligns with TFP’s strategy ... Read the full article

The Fidelis Partnership sees GWP rise 29% in 2024

20th March 2025

The Fidelis Partnership, a privately owned, Bermuda-domiciled managing general underwriter, has reported gross written premium (GWP) growth of 29% across the group to $4.6 billion for full year 2024. Group-wide, GWP increased from the $3.6 billion in 2023, with Fidelis Insurance Group's GWP hitting $4.4 billion, up 23% year on year. Additionally, ... Read the full article

Fidelis Partnership secures placement in IGPIA’s $3.1bn marine reinsurance programme

23rd January 2025

The Fidelis Partnership, a privately owned, Bermuda-based Managing General Underwriter, has announced its participation in a historic private placement on the International Group of P&I Clubs’ (IGPIA) $3.1 billion global marine liabilities reinsurance programme, conducted through Lloyd’s Syndicate 3123. This agreement secures a 5% placement on the primary layer of the ... Read the full article

Fidelis secures $375m of collateralized reinsurance via latest cat bond

30th December 2024

Fidelis Insurance Bermuda Limited (FIBL) has successfully closed a new catastrophe bond, Herbie Re Ltd. (Series 2024-2), which provides the firm with $375 million of collateralized reinsurance protection against U.S., DC, Puerto Rico, and Virgin Islands named storm and earthquake risks. This latest transaction marks the sixth series of notes ... Read the full article

The Fidelis Partnership’s Pine Walk launches reinsurance MGA Silverflame Re

3rd October 2024

The Fidelis Partnership's wholly-owned subsidiary, Pine Walk Capital Limited, has launched Silverflame Re, a new specialty reinsurance managing general agent (MGA). Silverflame Re aims to complement The Fidelis Partnership’s existing specialty reinsurance book, writing a treaty portfolio initially focusing on two core lines, Marine, Energy & Composite and Credit & Surety. Silverflame ... Read the full article

The Fidelis Partnership’s Pine Walk launches new MGA, Seraphina

27th September 2024

The Fidelis Partnership's wholly-owned subsidiary Pine Walk Capital Limited has launched its latest MGA, Seraphina. Seraphina will reportedly write a broad portfolio of International Property business, "complementing and diversifying" The Fidelis Partnership’s existing Property D&F book. The new MGA will additionally support the firm's BRICS+ strategy to broaden its geographical footprint. Seraphina's launch ... Read the full article

The Fidelis Partnership completes $2bn refinancing transaction led by Blackstone

23rd September 2024

The Fidelis Partnership has completed a "landmark" $2 billion refinancing transaction from Blackstone Credit & Insurance, Oak Hill Advisors, Barings, PNC and Barclays. According to the firm, the transaction will support its growth strategy and enhance value creation for its shareholders. Richard Brindle, Chairman and Group CEO of The Fidelis Partnership, commented, ... Read the full article

The Fidelis Partnership launches new renewables MGA, Novagen

7th August 2024

Pine Walk Capital Limited, the specialist MGA platform and a wholly owned subsidiary of The Fidelis Partnership, has launched Novagen, a new renewables MGA. The new MGA will reportedly focus on underwriting the full spectrum of renewable technologies (onshore, offshore, construction and operational) globally. Valeria Del Villano, who most recently served as ... Read the full article