Fidelis Marks 10th Anniversary Of Its Launch
The Fidelis Partnership [TFP], together with Fidelis Insurance Holdings Limited, are celebrating the 10-year anniversary of Fidelis.
A spokesperson said, “Founded by underwriting innovator Richard Brindle, Fidelis began underwriting in 2015. Over the next eight years the Company grew into a leading property and specialty insurer. In 2023, Fidelis completed its groundbreaking bifurcation into The Fidelis Partnership, led by Richard Brindle, and Fidelis Insurance Group, led by Dan Burrows, which began trading on the NYSE later that year.
“Today the companies operate as separate entities but continue to collaborate closely on a day-to-day basis. Fidelis Insurance Group is a global specialty insurer that leverages strategic partnerships to offer innovative and tailored insurance solutions, while The Fidelis Partnership has grown into one of the largest and most diversified MGUs globally, with offices in Bermuda, London, Dublin, Brussels and Abu Dhabi, as well as a growing portfolio of specialist MGAs through its Pine Walk platform.
Commenting on Fidelis’ last 10 years, Richard Brindle 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.
“In the past year alone, TFP has successfully undertaken a number of key strategic initiatives, including completing a landmark $2bn refinancing transaction, a very strong first year of trading for our Lloyd’s Syndicate, growing our market-leading Pine Walk platform to 13 MGAs, and the launch of an Abu Dhabi office as part of our BRICs+ strategy. Additionally, The Fidelis Foundation has donated over $7 million to charity partners since 2021.
“While positioning us strongly for future growth, this momentum has been built upon an unwavering commitment to meeting the evolving needs of our clients and broker partners through nimble, creative and cutting-edge underwriting solutions.
“In an increasingly dynamic and multipolar world, we believe that TFP’s underwriting pedigree, best-in-class talent and market leadership showcase the specialty insurance market at its entrepreneurial best. We are proud to be at the forefront of this industry and excited for the next chapter of growth.”
Dan Burrows, CEO of Fidelis Insurance Group, added, “I am proud to celebrate this important milestone for Fidelis and reflect on what we have been able to achieve. Our DNA is underwriting excellence and innovation, underpinned by smart capital management.
“By staying true to these principles, 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. Our strong balance sheet provides us flexibility to allocate capital towards attractive underwriting opportunities, while returning excess capital to shareholders through dividends and share buybacks.
“In addition to our cornerstone relationship with TFP, we have recently onboarded our first third-party partnerships and we are well positioned to continue growing our platform.
“As we look ahead, our goal remains to further strengthen Fidelis Insurance Group’s position as a leading global specialty insurer by leveraging strategic partnerships to deliver value to our shareholders, colleagues, clients and partners.”
