Fidelis Insurance Group
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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. -
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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The chairman and CEO said his firm has seen opportunities to deploy capital in multiple lines.
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The Abu Dhabi Investment Authority becomes a new shareholder in the company via the fundraise.
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Ian Burford becomes permanent CEO of Fidelis Underwriting Limited.
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The role will harness actuarial analysis to provide support to the firm’s quota share reinsurers.
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The agency said bespoke and fee business would drive future growth at the carrier.
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The Japanese-owned reinsurer will write one of three private policies that form part of the marine reinsurance programme.
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