Fidelis
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Axa chairs the alliance, while Allianz, Aviva, Generali, Munich Re, Scor, Swiss Re and Zurich are all founding members. -
She was previously an investor relations senior manager at Swiss Re.
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Mark Herget joined Fidelis in April 2020 as an underwriter before being transferred to its Bermudan operation in November of the same year.
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The MGA has had a major impact on the marine market since its launch, writing a substantial amount of business.
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As the carrier looks to provide liquidity to its PE backers, it is examining a range of paths to reshuffle the investor base.
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Fidelis joined the contingency market in 2020 amid massive dislocation caused by Covid-19.
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The carrier added the class to its product offering in 2020 amid an expansion in specialty lines.
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Inflationary pressure and climate change meant the market effectively gave ground to cedants despite nominal price rises.
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The executive, who joined Fidelis in 2017, will continue in her role as group head of contract wordings.
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Matthew Bellamy has also been promoted to head of property reinsurance at Fidelis Underwriting Limited.
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The appointment follows a period of substantial expansion in marine by the Richard Brindle-led carrier.
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The insurance market has the potential to become a “significant influencer” in combatting modern slavery, according to the independent anti-slavery commissioner Dame Sara Thornton.
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