Ukraine reserves and title claim push Fidelis Irish subsidiary to 113.5% CoR
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Ukraine reserves and title claim push Fidelis Irish subsidiary to 113.5% CoR

Samuel Casey
12 April 2023
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Fidelis Group’s Irish subsidiary reported a combined ratio of 113.5% in 2022, a 43-point deterioration on the prior year, driven by reserving for claims relating to the conflict in Ukraine and a potentially large title insurance loss.

Fidelis Insurance Ireland Designated Activity Company incurred net claims of $25.9mn for the year, up from $4.9mn in 2021, with the net loss ratio increasing by 54 points to 82.4%.

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News Fidelis Insurance Group Results
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Samuel Casey
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