Fidelis Insurance Holdings News

Fidelis Partnership Syndicate 3123 Begins Underwriting Business at Lloyd’s

The Fidelis Partnership and Fidelis Insurance Holdings Ltd. jointly announced that Syndicate 3123 has formally begun underwriting business at Lloyd’s. Syndicate 3123, also known as The Fidelis Partnership Syndicate, was launched by The Fidelis Partnership in collaboration with Fidelis Insurance …

Fidelis Insurance Holdings Sponsors New ‘Herbie Re’ Catastrophe Bond

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 provide Fidelis Insurance Holdings (also …

AXA Weighs Offloading $2B Reinsurance Arm to Cut Exposure to Disasters: Sources

One of the world’s top insurers is mulling offloading its property reinsurance business in a bid to cut its exposure to natural disasters like hurricanes, according to three people familiar with the matter. French insurer AXA SA has been discussing …

Fidelis Insurance Valued at $1.5 Billion in Lukewarm Market Debut

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 momentum following …

Fidelis Insurance Holdings Submits Draft Registration With SEC for Proposed IPO

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 shares. The number of common shares to be offered and …

Fidelis Completes MGU and Balance Sheet Split

Fidelis Insurance Holdings Ltd. (FIHL) announced the completion of the transaction creating a new managing general underwriter (Fidelis MGU), separate from FIHL and the existing insurance companies (the Fidelis Insurance Group). Originally announced in July 2022, the transaction became effective …

Fidelis Receives Regulatory Nod to Create New MGU, Split Business

Fidelis Insurance Holdings Ltd. announced it has received regulatory approval to create a new managing general underwriter (Fidelis MGU), which is separate from the existing balance sheet insurance companies – known as the Fidelis Insurance Group. Originally announced and agreed …

Fidelis to Launch New MGU That Writes More Than $3 Billion of GWP

Fidelis Insurance Holdings Ltd. announced its intention to create a new managing general underwriter, which, subject to regulatory approval, will be separated from its existing balance sheet insurance companies. This new structure will allow each entity (Fidelis MGU and Fidelis …

Fidelis Insurance Moves to New London Office

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 credentials align with its ESG goals and …

Travelers Makes ‘Strategic Minority Investment’ in Fidelis Insurance Holdings

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 terms. “We are pleased to invest in a talented and proven management team and …