Fidelis Insurance is a property and casualty (re)insurance start up founded by CEO Richard Brindle and CFO Neil McConachie. The company will underwrite specialty lines of insurance focused on energy, marine, property, aviatio and political risk out of Bermuda and London, with a balance between insurance and reinsurance. Fidelis Insurance will aim to achieve superior through-the-cycle returns by allocating capital flexibly, shifting opportunistically between underwriting risk and investment risk depending on market conditions.
We are very excited to introduce a new, stronger model to the insurance industry with Fidelis. Fidelis will pursue a total return strategy by tactically shifting capital and risk between insurance and investments to maximise our return on equity across market cycles.