Fidelis Insurance Holdings Ltd. (FIHL) has released an update.
Fidelis Insurance Holdings Ltd. has announced the commencement of underwriting by The Fidelis Partnership Syndicate 3123 at Lloyd’s, with an initial Gross Written Premium target of $180 million for the second half of 2024, aiming to reach $450 million in 2025. The syndicate, which marks CEO Richard Brindle’s return to Lloyd’s after 26 years, will cover a range of risks including property catastrophe and political risk, and is supported by the leading capital provider to Lloyd’s, Hampden Agencies. This move is set to expand Fidelis’ global reach and underwriting capabilities, leveraging Lloyd’s market presence and capital structure.
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