Fidelis Partnership
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The MGA’s GWP hit $4.6bn as the CEO labelled aviation all-risks rates “woefully inadequate”. -
Good ESG practices are part of good risk management, the company said.
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The business wrote the deal through its recently established Lloyd’s syndicate.
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The firm has added net headcount of 140 people this year, including hires into its incubation platform Pine Walk.
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Jamie Cann, previous head of aviation and space at the Fidelis Partnership, also joined Axa XL.
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Staff movement in the class of business is high as new carriers launch into the space.
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Former international re head Beckert becomes group property re head.
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The MGU said the refinancing allowed it to address a low leverage ratio and reward staff.
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The appointment comes soon after the rebranding of the Richard Brindle-led business.
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The expansive carrier has hired heads of marine for France and Spain.
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Lloyd’s gains leadership, and The Fidelis Partnership gets capital diversification.
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The syndicate will be Asta managed and have capacity from Hampden Names.
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