Fidelis to bifurcate into $3bn-premium MGU and $2bn balance sheet
  • X
  • LinkedIn
  • Show more sharing options
  • Copy Link URLCopied!
  • Print
  • X
  • LinkedIn
© 2024 Insider International Limited, company number 15236286, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian Group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Fidelis to bifurcate into $3bn-premium MGU and $2bn balance sheet

Fidelis london.jpg

Fidelis has finalised a radical reorganisation in which the business will be separated into a managing general underwriter (MGU) and a balance sheet at a premium valuation that could spark a broader trend of the deconstruction of underwriting businesses.

Insurance Insider revealed that Richard Brindle’s Fidelis was working with Evercore in March to explore a bifurcation of the business as a means of unlocking value, delivering liquidity to founding PE backers and disencumbering underwriting management.


Request a free trial:

Uncover exclusive insights tailored for insurance leaders

    • Stay Informed: Access exclusive industry insights
    • Gain a competitive advantage: Hear first about tactical developments
    • Make better decisions: Understand market dynamics in crucial lines of business
Gift this article