Fidelis Insurance Restructures Its Underwriting Businesses into 4 Pillars

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Bermuda-based Fidelis Insurance Holdings Ltd. announced it is restructuring of its business across four pillars: Bespoke, Reinsurance, Partnerships and Specialty.

Richard Brindle, chairman and group CEO, will reassume the additional role of group chief underwriting officer, leading the underwriting across the four pillars, which are led by Richard Coulson (Bespoke), Rich Holden (Reinsurance), Phil Vandoninck (Partnerships), and Alison Clarke (Specialty).
In a statement describing the movement, Fidelis explained that the Bespoke segment is an important driving force for growth and is focused on business with higher barriers to business. The company is characterized by low and stable loss loss rates and customized words that closely identify exposure to peak hazard and a high degree of inefficiency in terms of capital.

Partnerships include Fidelis ‘catastrophic quota stakes, third-party tools and Fidelis’ MGA platform, Pine Walk.

To support subtitle teams and ensure consistency and efficiency in all Fidelis functions, group general adviser Patricia Roufca will assume the new and additional role of the chief operating officer. Since his arrival in Fidelis in February 2016, Roufca has undertaken and carried out major projects, including the proposed Brexit solution. He said the company’s new COO role plays a key role in ensuring Fidelis’s growth strategy is achieved.

In March 2016, Ben Savill, who was appointed as the chief of the group chief, will leave to follow other opportunities.

In addition, group finance manager Hinal Patel, Fidelis Insurance Bermuda Ltd. as the chairman of the executive board to assume the reins.

 We always want to improve the service we offer to our customers, and the division of our core support business into these four pillars will sharpen the focus of our key products and relationships,. Brindle said.
Edi We have a great deal of power and depth in our executive team, and Patricia will be instrumental in maintaining the search for productivity in everything we do, “he added. Için I expect an exciting future with a strong definition of our sources of profit and differentiation for seedlings and an unremitting commitment to our executive culture. “

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