Fidelis
-
The appointment comes soon after the rebranding of the Richard Brindle-led business.
-
Lloyd’s gains leadership, and The Fidelis Partnership gets capital diversification.
-
The syndicate will be Asta managed and have capacity from Hampden Names.
-
The exit comes after Fidelis restructured into two separate firms.
-
The MGU is exploring additional third-party capital relationships.
-
The underwriter was overseeing MGA Kersey Specialty’s pivot to renewables.
-
The firm’s growth focus for 2024 will be in property D&F.
-
The (re)insurer’s Q4 CoR rose 15.2 points to 81.4% on satellite failure, D&F losses.
-
Losses were driven by the Viasat-3 satellite failure, the Sudan conflict and D&F events.
-
The upgrade noted consistent underwriting gains and investment returns, and a CoR below peers.
-
SEC filings show that Travelers’ equity ownership was valued at over $107mn in Q4.
-
The senior energy underwriter exited amid a strategic pivot at the MGA.
Most Recent
-
Talanx reports prelim net income of EUR572mn in Q1
25 April 2024 -
Aspen shelves IPO amidst deteriorating market sentiment
25 April 2024 -
Mapfre Q1 net profit jumps 70% to EUR215mn
25 April 2024