Fidelis Insurance Group

The correlation between a good ESG score and low loss ratio is strongest in property insurance, the report shows.

Authorities in the UK, Ireland, Belgium and Bermuda have rubberstamped the ambitious restructure.

Moves to push down London broker commissions highlights the options open to write reinsurance platforms in other markets.

The carrier pushed London brokers for a reduction in the traditional 15% commission.

Staff movement remains high in the class of business, which has seen a turnaround in performance.

The carrier has put in place further curbs on metallurgical coal, tar sand extraction and fracking.

How much capacity is available to meet rising cat reinsurance demands was a key theme throughout this year’s Rendez-Vous.

Ratings agencies suggest that carriers must do better on controlling volatility – but diverging risk appetites give the lie to the idea that the industry is walking away from risk.

George Green has been a war and terrorism underwriter at Fidelis since March 2021.

The decision is in line with the responses from AM Best and Moody’s over the company’s reorganisation plan announced July.

The ratings agency said the proposed restructure posed execution risk, but regulatory approval would alleviate short-term uncertainty.

Class underwriter for marine hull and war at Talbot AIG, Hugo Lewis, has resigned to take up a position in the marine team at Fidelis, Insurance Insider can reveal.