Fidelis Insurance Group

Inflationary pressure and climate change meant the market effectively gave ground to cedants despite nominal price rises.

The executive, who joined Fidelis in 2017, will continue in her role as group head of contract wordings.

Matthew Bellamy has also been promoted to head of property reinsurance at Fidelis Underwriting Limited.

The appointment follows a period of substantial expansion in marine by the Richard Brindle-led carrier.

The insurance market has the potential to become a “significant influencer” in combatting modern slavery, according to the independent anti-slavery commissioner Dame Sara Thornton.

The new operation, labelled ‘the forum’ will be a trading hub for Fidelis and its MGA platform, Pine Walk Capital

CEO Richard Brindle calls for pricing corrections to reflect climate change and exposure growth.

The Richard Brindle-led carrier has undergone a major expansion in specialty lines.

Plus all the highlights from the Reconnect conference and the week’s top news.

The Fidelis CEO said stochastic modelling was “pretty much meaningless” and failed to consider the impact of climate change.

The new hire joins after working in similar roles for Standard Chartered and Aviva.

Former group portfolio manager Phillip Murfet will become CRO