Fidelis Insurance
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Several Lloyd’s syndicates are also now providing cover for the federal insurer. -
The London-based MGA will begin underwriting its international book next month.
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After outsized losses, the (re)insurer still sees opportunity in a softening market.
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The Insurance Insider US news team runs you through the earnings results for the day.
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The reinsurance loss ratio improved by over 20 points with no notable cat losses for the quarter.
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This will be Fidelis’ first office in North America and will be led by former Navigators Re head Ivan Vega.
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The business said it was experiencing strong momentum on the Island.
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Besides Russia-Ukraine losses, the Air India crash losses totaled $26mn.
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Net adverse development for the quarter increased 30% year on year to $89.2mn.
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Nadia Beckert was promoted to Bermuda CUO in March.
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The latest E&S player planning to IPO remains a “show me” story.
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She will continue to work with the executive team on key projects and initiatives.
