Fidelis Insurance Group
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The carrier also confirmed that it had entered the contingency market with the hire of Emily Clapham.
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The latest Insider Progress virtual event reveals practical tools for companies to support black professionals. -
David Turner will be based in London and worked at MS Amlin for more than three decades.
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Fidelis has hired Emily Clapham from Beazley as it makes its entry into the contingency market, according to sister publication Insurance Insider.
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The carrier follows Convex into the distressed market, where rates are expected to soar after damaging Covid-19 losses.
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The firm has unveiled a range of measures in support of the Black Lives Matter movement.
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Fidelis has raised over $1bn so far this year from a series of equity and debt raises.
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ADIA, Crestview and CVC back a fundraise equivalent to 45 percent of pre-transaction equity.
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The ratings agency cited its strong balance sheet and referenced management’s excellent reputation.
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The carrier looks to capitalise on a pricing correction in the class.
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CEO Richard Brindle said the company’s cautious approach to specialty lines had been vindicated.
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PartnerRe sale talks, Fidelis capital raising and AIG results.
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