Fidelis Insurance Group
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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. -
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.
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After reaching $100mn in premiums, the carrier is now looking to bring on other paper providers to support its MGA incubator.
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The Fidelis UK CEO will run Syndicate 2121 and SPA 6134.
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The counter-cyclical carrier attacked specialty lines in 2020, more than quadrupling GWP.
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Plus the inside story on the Helios Ray crash and all this week’s top news.
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