Fidelis Insurance
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This will be Fidelis’ first office in North America and will be led by former Navigators Re head Ivan Vega. -
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.
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The company has settled, or is in the settlement stage, for 80% of the exposure.
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The Bermudian's first quarter cat losses totalled $333.3mn, compared to $103mn a year ago.
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Erik Manning is joining the business from BMS as head of ceded reinsurance.
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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.
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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.
