Fidelis Insurance Group

She was previously an investor relations senior manager at Swiss Re.

Mark Herget joined Fidelis in April 2020 as an underwriter before being transferred to its Bermudan operation in November of the same year.

The MGA has had a major impact on the marine market since its launch, writing a substantial amount of business.

As the carrier looks to provide liquidity to its PE backers, it is examining a range of paths to reshuffle the investor base.

Fidelis joined the contingency market in 2020 amid massive dislocation caused by Covid-19.

The carrier added the class to its product offering in 2020 amid an expansion in specialty lines.

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