Fidelis Underwriting News

Specialist MGA Platform Pine Walk Launches Energy Liability MGA, OPEnergy

Pine Walk Capital Ltd., the London-based specialist MGA platform, has announced the launch of its sixth MGA, OPEnergy Ltd. OPEnergy received regulatory approval from the UK regulator on Jan. 6, 2022 and will write onshore and offshore energy liability risks, …

AM Best Upgrades Credit Ratings of Fidelis Insurance Holdings and Its Subsidiaries

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 (Long-Term ICR) to “a” from “a-” …

Fidelis Taps Bellamy from Pembroke’s Acapella Syndicate for Reinsurance Team

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 most recently the head of Property Treaty and …

Fidelis Promotes Coulson to Chief Underwriting Officer, UK

Fidelis Insurance has promoted Richard Coulson to the position of chief underwriting officer of Fidelis Underwriting Ltd. (FUL). He takes up this role with immediate effect and reports to Daniel Burrows, chief executive officer of FUL. Coulson joined Fidelis in …

Fidelis Takes Equity Stake in New MGA Firestone Surety

Fidelis Insurance announced it has taken an equity stake in a new managing general agent (MGA) Firestone Surety Ltd., and will provide underwriting capacity. Details about the amount of Fidelis’ investment and capacity provision were not released. London-based Firestone will …