Ten-year anniversary highlights include IPO, bifurcation, and $4.6bn of gross written premium
Fidelis is celebrating ten years since its 2015 launch with milestone achievements in premium growth, structural transformation, and global expansion.
Founded by underwriting veteran Richard Brindle (pictured), the company began writing business in 2015 and has since developed into two closely linked but independent entities: The Fidelis Partnership (TFP) and Fidelis Insurance Group.
The bifurcation was completed in 2023, the same year Fidelis Insurance Group listed on the New York Stock Exchange.
Brindle, who leads TFP, said: “At this significant milestone for both businesses, we are delighted to be celebrating a decade of sustained growth and outstanding underwriting performance through the cycle, while also recognising the passion, hard work and willingness to innovate that have made this possible.”
TFP has since launched Syndicate 3123 and expanded its Pine Walk MGA platform to 13 businesses, generating $0.9bn in gross premium in 2024. It also opened a new office in Abu Dhabi as part of a BRICs+ strategy, while The Fidelis Foundation has donated over $7m since 2021.
Fidelis Insurance Group, led by CEO Dan Burrows, now writes over $4.6bn in premiums, up from $102m in 2015, and has returned more than $185m to shareholders through dividends and share buybacks.
“Our DNA is underwriting excellence and innovation, underpinned by smart capital management,” said Burrows. “We have built a leading and diversified specialty underwriting portfolio and we continue to demonstrate the benefits of our capital strength, scale, lead positioning and deep-rooted relationships.”
No comments yet