Fidelis Insurance
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Erik Manning is joining the business from BMS as head of ceded reinsurance. -
Sills’ background, a strong backing, and laser-sharp E&S focus make Bowhead stand out.
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Nadia Beckert joined the carrier as an underwriter in 2021.
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The firm projects losses from the fires at between $160mn-$190mn.
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The Insurance Insider US news team runs you through the earnings results for the day.
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In tandem, it pegged its net cat loss estimate from California wildfires at $160mn-$190mn.
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After one good year, giving back margin now will be “inexcusable”, the executive said.
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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.
Related
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Fidelis Insurance launches secondary public offering
May 21, 2024 -
Fidelis MGU poised to launch Lloyd’s syndicate
March 28, 2024