Fidelis Insurance
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Cat losses increased 14.6% to $91.6mn, driven by Hurricane Helene and Storm Boris. -
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.
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The firm’s growth focus for 2024 will be in property D&F.
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The (re)insurer’s Q4 CoR rose 15.2 points to 81.4% on satellite failure, D&F losses.
Related
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