Latest Fidelisinsurance Headlines
All the headlines from our Fidelisinsurance Topic Page, ordered by recency.
Fidelis Insurance Group Forms Strategic Partnership With MGA Euclid Mortgage
Nov 14 2024 // Fidelis Insurance Group, a Bermuda-based global specialty re/insurer, announced a new strategic partnership with Euclid Mortgage Insurance Services LLC, a managing general agency that specializes in underwriting credit...
Fidelis Insurance Holdings Sponsors New ‘Herbie Re’ Catastrophe Bond
Feb 23 2024 // Fidelis Insurance Holdings Ltd., the Bermuda insurance holding company, announced it has closed a new catastrophe bond via its “Herbie Re” program. This is the fifth series of notes issued by Herbie Re and will...
Fidelis Insurance Valued at $1.5 Billion in Lukewarm Market Debut
Jun 30 2023 // Fidelis Insurance Holdings notched a valuation of $1.5 billion on Thursday after shares of the reinsurer fell 6.4% on debut. The company joins a list of firms that have gone public this year as the IPO market gains...
Fidelis Insurance Holdings Submits Draft Registration With SEC for Proposed IPO
Mar 2 2023 // Bermuda-based Fidelis Insurance Holdings Ltd. announced it has submitted a draft registration statement on with the Securities and Exchange Commission, relating to a proposed initial public offering of its common...
Fidelis Insurance Moves to New London Office
May 5 2022 // Fidelis Insurance Holdings Ltd. and its wholly owned UK subsidiaries have moved to new offices in London on the 42nd Floor of 22 Bishopsgate, London, EC2N 4BQ. Fidelis said the building’s advanced environmental...
Travelers Makes ‘Strategic Minority Investment’ in Fidelis Insurance Holdings
Jul 14 2021 // The Travelers Companies said it has made a “strategic minority investment” in Fidelis Insurance Holdings, a privately-owned global specialty insurer and reinsurer. Neither side disclosed financial...
Fidelis Insurance Raises $500 Million of Equity Capital for Growth in Hardening Market
Jun 10 2020 // Fidelis Insurance Holdings Ltd. announced it has raised $500 million of equity capital from existing investor relationships. On top of the $300 million raised by the company in February, Fidelis has now secured $800...
AM Best Upgrades Credit Ratings of Fidelis Insurance Holdings and Its Subsidiaries
Jun 5 2020 // AM Best has upgraded the credit ratings of Fidelis Insurance Holdings Ltd. and its subsidiaries. AM Best upgraded the Financial Strength Rating to A (Excellent) from A- (Excellent) and the Long-Term Issuer Credit Ratings...
Fidelis Insurance Raises $300M of Equity Capital to Support Growth
Feb 12 2020 // Fidelis Insurance Holdings Ltd. announced it has raised approximately $300 million of equity capital from a combination of its existing shareholders and a wholly owned subsidiary of the Abu Dhabi Investment Authority...
Fidelis Appoints Symms from Talbot as Head of Outwards Reinsurance
Jan 27 2020 // Fidelis Insurance announced the appointment of John Symms as head of Outwards Reinsurance, in a new role that will support the growth of company’s reinsurance partnerships and the increasingly important quota share...
S&P Assigns A- Rating to Fidelis Insurance Units; Holding Company at BBB
Dec 19 2019 // Noting the proven track record of its management team and strong top-line growth in a five-year time frame, S&P Global Ratings has assigned A- financial strength ratings to the operating units of Fidelis Insurance...
Fidelis Insurance Takes Equity Stake in New MGA Perigon, Provides Capacity
Nov 4 2019 // Fidelis Insurance, the Bermuda-headquartered re/insurer, announced it has taken an equity stake in a new managing general agent (MGA) Perigon Product Recall Ltd., and will be providing underwriting...
Fidelis Taps Bellamy from Pembroke’s Acapella Syndicate for Reinsurance Team
Oct 22 2019 // Fidelis Insurance announce that Matthew Bellamy will join Fidelis Underwriting Ltd.’s (FUL) London underwriting team to continue to build its reinsurance business. Bellamy has over 13 years of experience where he was...
Fidelis Takes Equity Stake, Provides Capacity, for Energy Market MGA, Kersey Specialty
Sep 21 2018 // Fidelis Insurance announced it has taken an equity stake in a new managing general agent, Kersey Specialty Ltd., and will be providing underwriting capacity. London-based Kersey will focus on the upstream energy...
Fidelis Insurance Restructures Its Underwriting Businesses into 4 Pillars
Sep 14 2018 // Bermuda-based Fidelis Insurance Holdings Ltd. announced it is restructuring of its business across four pillars: Bespoke, Reinsurance, Partnerships and Specialty. Richard Brindle, chairman and group CEO, will reassume the...
Fidelis’ MGA Firestone Rebrands to Oakside
Jun 25 2018 // Fidelis Insurance announced it has rebranded its managing general agent (MGA), Firestone Surety Ltd., to Oakside Surety Ltd. London-based Oakside is focused on the small and medium-sized enterprises sector of the surety...
Fidelis Insurance Appoints Patel as CFO Successor to McConachie
Mar 6 2017 // Fidelis Insurance announced that Hinal Patel has been appointed to succeed Neil McConachie as group CFO, effective June 30, 2017, subject to regulatory and immigration approval. McConachie resigned for personal reasons...
Fidelis Group CFO McConachie to Resign from Role in January 2018
Jan 13 2017 // Fidelis Insurance announced that Neil McConachie will be stepping down from his role as group chief financial officer in January 2018. He will then remain on the board of Fidelis Insurance Holdings Ltd., the holding...
Fidelis Insurance Promotes Savill to Group Chief Underwriting Officer
Mar 24 2016 // Fidelis Insurance announced that Ben Savill has been promoted to group chief underwriting officer, subject to approval from the Bermuda Department of Immigration. He assumes this role from Richard Brindle who held it...
