Fidelis Insurance Holdings

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Fidelis’ cat bonds & others marked as hurricane Ida loss expectations rise

Catastrophe bonds sponsored by specialty insurance and reinsurance company Fidelis Insurance Holdings Limited have been marked down by as much as 10%, or slightly more, as industry loss expectations for hurricane Ida rise, while some of the other exposed cat bonds have also seen more price declines. In addition, some of read the full article →

Ability to attract and deploy third-party capital is critical to Fidelis: Dan Burrows

For specialty insurer and reinsurer, Fidelis Insurance Holdings Limited, utilising third-party reinsurance capital is seen as key to its evolution, according to Dan Burrows, Executive Chairman of Fidelis Bermuda and Group Managing Director. Alongside the expansion of its capital base to more than $2.5 billion, Fidelis has also been growing its read the full article →

Fidelis names Mathias to oversee all underwriting

Fidelis Insurance Holdings Limited, a specialty insurance and reinsurance firm launched by Richard Brindle, has named Charles Mathias to the newly created role of group director of underwriting, a position that will give him oversight of all underwriting operations. As a result, Mathias will also have oversight of the Socium underwriting read the full article →

Fidelis gets capital injection from US insurance giant Travelers

Fidelis Insurance Holdings Limited, the specialty insurance and reinsurance firm launched by Richard Brindle, has expanded its capital base again thanks to a new strategic investment from an intriguing source, US insurance giant The Travelers Companies Inc. Travelers has invested an undisclosed amount into Fidelis, which the recipient terms a "minority read the full article →

Fidelis takes capital over $2.4bn, plus its cat bonds & sidecar quota shares

Fidelis Insurance Holdings Limited, the specialty insurance and reinsurance firm launched by Richard Brindle, has taken its capital raising efforts in 2020 to more than $1.3 billion and that's just its equity and debt raises. Fidelis has expanded its capital base significantly over the year, more than doubling its total capital read the full article →

Fidelis continues capital raising with $300m senior note issuance

Fidelis Insurance Holdings Limited, the specialty insurance and reinsurance firm launched by Richard Brindle, has now raised over $1 billion of capital in the last six months, with the latest being a $300 million senior note debt offering that qualifies as Tier 3 capital. Fidelis had already tapped institutional investors for read the full article →

Fidelis raises $500m to take advantage of “hardening” rates

Fidelis Insurance Holdings Limited, the specialty insurance and reinsurance firm launched by Richard Brindle, has revealed its second equity capital raise of this year, adding a further $500 million to take the re/insurers capitalisation to $2 billion. Fidelis had already tapped institutional investors for a $300 million fresh capital raise back read the full article →

Covid-19 has parallels with WTC, adverse reserve development a risk: Fidelis

The impacts faced by insurance and reinsurance markets from the ongoing Covid-19 pandemic has some parallels with the 2001 World Trade Center bombing, with challenges expected to be faced and the possibility of adverse reserve development further down the line, executives at Fidelis have said. In a discussion with equity analysts read the full article →

Fidelis gets $300m capital injection, including from Abu Dhabi Investment Authority

Fidelis Insurance Holdings Limited, the specialty insurance and reinsurance firm launched by Richard Brindle, has announced a new raise of fresh capital to help it expand its business, with an equity growth round that featured the Abu Dhabi Investment Authority alongside existing shareholders. It's notable that the Abu Dhabi Investment Authority read the full article →

Fidelis hires Symms to lead outwards reinsurance & quota shares

Fidelis Insurance, the specialty insurance and reinsurance firm launched by Richard Brindle, has announced a new senior hire as it continues to build its expertise in outwards reinsurance and especially quota shares. John Symms is joining Fidelis as its Head of Outwards Reinsurance, a role which will see him tasked with read the full article →