Fidelis ceases IP writing following higher-than-expected defaults
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Fidelis ceases IP writing following higher-than-expected defaults

The carrier also reported more difficulty than anticipated in realizing the value of collateral following the defaults.

By Shelby Rosenberg
August 15, 2024
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Fidelis has ceased writing intellectual property (IP) in its bespoke segment following “more defaults than [the carrier] priced for” as well as greater difficulty than anticipated in realizing the value of collateral after those defaults occurred, chief actuarial officer...

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