Fidelis
-
Fidelis has raised over $1bn so far this year from a series of equity and debt raises.
-
The bond will provide second-event US wind and quake cover. -
The capital raise boosted Fidelis’ share base by 45 percent of pre-transaction equity.
-
The bond’s spread has settled at the top of the (re)insurer's target range.
-
The transaction covers storm and earthquake in the US.
-
Fidelis’ UK CUO said they believe Davern “is the right person to lead” their continued growth.
-
The firm will consider writing more retro after raising $300mn new equity.
-
The sovereign wealth entity has taken an equity stake in the Bermuda (re)insurer after also building up an ILS portfolio in the past year.
-
The former Aon retro broker was previously CEO of the UK arm at Fidelis.
-
He will work on growing the firm’s reinsurance partnerships and quota-share relationships.
-
Matthew Bellamy will join as senior underwriter in an expansion of the carrier's reinsurance business.
-
Markel and a new venture from ex RenRe exec Eklund are also tapping up investors.
