Fidelis
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Plus all the highlights from the Reconnect conference and the week’s top news.
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The Fidelis CEO said stochastic modelling was “pretty much meaningless” and failed to consider the impact of climate change.
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The new hire joins after working in similar roles for Standard Chartered and Aviva.
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Former group portfolio manager Phillip Murfet will become CRO
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CEO Alan Schnitzer said the transaction gave the business “a window into a successful management team” and addressed its underweight position in E&S.
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With a strategic and a sovereign wealth fund on the register, the (re)insurer has options to find liquidity for its PE backers.
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The buy-in from the blue-chip US insurer is a coup for the expansive London market and Bermuda (re)insurer.
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The Fidelis CEO says sector should recognize the "storm clouds" of what he dubbed the 5 C's.
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New and growing carriers helped to fill out treaties as Sompo stepped back from a market that came in flatter than expected for remote risk.
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Plus in-depth analyses of the accident and health and airlines markets.
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Binding insurers include Chubb and AIG, with reinsurance from Munich Re.
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Richard Coulson, Richard Holden and Philip Vandoninck will all take on more senior roles.
