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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 secures upsized $150m Herbie Re cat bond at 5% price reduction

Fidelis Insurance Holdings Limited, the specialty insurance and reinsurance underwriter, has now successfully secured its latest Herbie Re Ltd. (Series 2021-1)  catastrophe bond at the upsized $150 million, while pricing of the notes fell by 5% below the initial mid-point of guidance. For Fidelis, the worldwide multi-peril retrocessional reinsurance risk profile read the full article →

Fidelis set to triple new Herbie Re cat bond to $150m in size

Specialty insurance and reinsurance company Fidelis Insurance Holdings Limited has tripled its target for its latest catastrophe bond, with the worldwide multi-peril protection from its Herbie Re Ltd. (Series 2021-1) looking set to grow to $150 million. Fidelis returned to the catastrophe bond market for its third transaction earlier this month, read the full article →

Fidelis seeks worldwide multi-peril cover from third Herbie Re cat bond

Fidelis has returned to the catastrophe bond market for its third transaction and with this currently $50 million Herbie Re Ltd. (Series 2021-1) deal the company is seeking to significantly expand the covered perils and territories included. In fact, this third catastrophe bond from Fidelis will be one of the broadest, 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 gets $275m of reinsurance from second Herbie Re cat bond

Fidelis is now set to secure $275 million of fully collateralised property catastrophe reinsurance from its second visit to the catastrophe bond market, as the Herbie Re Ltd. (Series 2020-2) issuance was priced at attractive levels and the sponsor seemed to value price over size in the end. Specialty insurance and read the full article →

Fidelis may increase second Herbie Re cat bond to as much as $300m

The second catastrophe bond from specialty insurance and reinsurance company Fidelis Insurance Holdings Limited may increase in size before close, as its target for the Herbie Re Ltd. (Series 2020-2) issuance has risen to as much as $300 million. Fidelis returned to the catastrophe bond market earlier this month for its read the full article →

Fidelis returns for second Herbie Re cat bond, a $175m multi-peril deal

Fidelis has returned to the catastrophe bond market for its second transaction, as the company looks to embed the capital markets more deeply within its reinsurance program arrangements with a $175 million Herbie Re Ltd. (Series 2020-2) issuance. Fidelis Insurance Holdings Limited, the specialty insurance and reinsurance company launched by industry 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’ new Herbie Re cat bond hits $125m at top-end pricing

The new Herbie Re Ltd. (Series 2020-1) catastrophe bond transaction that is sponsored by specialty insurance and reinsurance firm Fidelis Insurance Holdings Limited has successfully been upsized by the target 25% to reach $125 million of coverage for the company. At the same time, we're told that the pricing has now read the full article →