Fidelis Insurance announced that Ben Savill has been promoted to group chief underwriting officer, subject to approval from the Bermuda Department of Immigration.
He assumes this role from Richard Brindle who held it jointly with his position as group chief executive officer during the inaugural phase of the company, which was founded in June 2015.
Savill will assume the group CUO role in addition to his responsibilities as Bermuda chief executive officer. He will continue to be based in Bermuda.
Savill, who joined Fidelis soon after its launch, brings nearly two decades of underwriting experience. He joined Fidelis from Amlin Bermuda, where he led the North American market unit. In this role, his responsibilities included underwriting Amlin’s U.S. reinsurance property portfolio and handling specialty lines business.
He began his career at Harvey Bowring. Throughout his career Savill has been heavily involved in many facets of re/insurance, including the development of internal rating models, portfolio analysis systems and the integration of proprietary ratings tools and risk analysis methodologies.
“While our model is differentiated by our total return strategy to maximize our return on equity across market cycles, at our core we are an underwriting business unimpeded by dependence on imposed strategic goals,” said Brindle.
“Because underwriting is paramount, I am very pleased to announce Ben’s appointment as group CUO. He is a proven leader, an exceptional underwriter and his relationships with clients and brokers are built on nearly two decades of trust. Under his management our underwriting business will continue to flourish,” he added.
“To lead the underwriting strategy at Fidelis, with the support of our experienced and talented team of underwriters, is an exciting challenge and one which I look forward to enormously,” said Savill.
“The way our business is structured gives us unequaled flexibility at any point in the cycle should opportunities present themselves but, as underwriters, we are always conscious of the importance of long term, mutually beneficial relationships,” Savill went on to say.
Source: Fidelis Insurance