Reinsurance News
The Fidelis Partnership
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
The Fidelis Partnership Syndicate 3123 begins writing at Lloyd’s
1st July 2024
The Fidelis Partnership and Fidelis Insurance Group have confirmed that Syndicate 3123 (The Fidelis Partnership Syndicate) has formally begun underwriting business at Lloyd’s. The Fidelis Partnership Syndicate was first announced in March of this year, in collaboration with Hampden Agencies, the largest provider of private capital to Lloyd’s. The Fidelis Partnership ... Read the full article
The Fidelis Partnership expands presence with new Abu Dhabi office
21st May 2024
The Fidelis Partnership, formerly known as Fidelis MGU, has announced plans to open an office in Abu Dhabi, underscoring its commitment to expanding into new markets and reaching new clients and investors. The Abu Dhabi office will be led by Matthew Warren as Executive Chairman of Fidelis MEASA (Middle East, Africa, ... 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
Fidelis MGU unveils rebranding amid solid 2023 performance
20th March 2024
Fidelis MGU, which will rebrand to "The Fidelis Partnership" on the 28th of March, has revealed gross written premium (GWP) grew by 19% to $3.6 billion in 2023, including 39% growth in its Specialty portfolio. According to the firm, GWP is comprised of 62% Specialty, 20% Bespoke and 18% Reinsurance. Fidelis also ... Read the full article
- ← Previous
- 1
- 2
- 3
Getting your daily reinsurance news from Reinsurance News is a simple way to receive only the reinsurance industry news that matters, delivered directly to your email inbox.
