Fidelis Insurance
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After one good year, giving back margin now will be “inexcusable”, the executive said. -
The partnership is Fidelis Insurance Group’s first third-party capacity deal.
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Cat losses increased 14.6% to $91.6mn, driven by Hurricane Helene and Storm Boris.
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The executive spent 18 years in various finance roles at Arch.
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The carrier also reported more difficulty than anticipated in realizing the value of collateral following the defaults.
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The Insurance Insider US news team runs you through the earnings results for the day.
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Travelers now holds around 6.2% of Fidelis, down from over 7.2%.
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The shares are being sold by select shareholders in the group.
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Along with D&F, Fidelis is looking to grow in marine construction and aviation.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The syndicate will be Asta managed and have capacity from Hampden Names.
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The MGU is exploring additional third-party capital relationships.
Related
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2023 results prove the Fidelis model is working: CEO Burrows
March 04, 2024 -
Q4 earnings roundup February 29: Fidelis, American Coastal
February 29, 2024 -
AM Best revises outlooks to stable for Fidelis Insurance
February 22, 2024 -
Travelers unveils size of Fidelis stake at ~7.2%
February 20, 2024