Fidelis Insurance Group

A strong balance sheet, neutral business profile and support from its parent group contributed to the rating.

Following new investment, Akinova has brought in the experienced Paul Jardine.

Carnegie-Brown says the platform is already processing European risks.

The UK-based sidecar writes a quota share of the carrier’s treaty and D&F books.

Colm Lyons has been recruited as CEO of the Dublin entity.

Richard Brindle will become group CUO, while Hinal Patel takes the helm in Bermuda.

He moves to the carrier after a decade at Lancashire.

Oakside is focussed on the SME sector of the surety market.

The MGAs join specialty reinsurance and surety ventures on the Pine Walk Capital incubator platform.

The energy veteran will run a new venture on Fidelis's Pine Walk Capital platform.

Aware Specialty is to be led by Giles Schofield, the former head of reinsurance for mortgage and special risks at AmTrust International.

As two relative minnows see off legal threats from financial giants, it goes to show that, with a bit of ingenuity, there's plenty of room for underdogs as well as big dogs.