Fidelis Insurance Holdings Ltd. announced it has established a regulated re/insurer in Ireland, called Fidelis Insurance Ireland DAC (FIID), to take advantage of opportunities in the European Economic Area (EEA) after Brexit.
On Oct. 22, 2018 the Central Bank of Ireland approved Fidelis’ application to write bespoke and specialty insurance and reinsurance, the company said in a statement.
Colm Lyons has been appointed chief executive officer & chief underwriting officer of FIID. Lyons brings over 18 years of re/insurance experience, most recently as chief excess casualty officer at XL Catlin’s Dublin office. Prior to XL Catlin, Lyons held progressively more senior roles in broking and underwriting at Marsh Ireland Ltd., Axis Re, Willis Re and Allied World Assurance Holdings.
Robert Kelly has been appointed chief financial officer of FIID. Kelly joins Fidelis from PartnerRe Ireland Insurance DAC where he was chief financial officer, head of external reporting Europe and group international financial reporting standards. Prior to PartnerRe, Kelly held roles at FFH Management Services (part of Fairfax Group), Aviva and Pricewaterhouse Cooper.
Alistair Brown joins as group claims manager & head of Insurance Operations, Ireland. Brown was most recently head of Specialty Lines Claims for the combined AXIS International entities, having held increasingly more senior roles within the claims function at AXIS since 2005.
James Brennan takes the role of compliance/risk manager of FIID, joining from Hiscox, where he was head of Group Compliance. Prior to that Brennan held management roles in internal audit at Hiscox and Brit Insurance.
“I am very pleased with the caliber of talent that we have attracted with Colm, Rob and the rest of the team,” said Brindle. “Our Dublin office provides the certainty to our clients and brokers that we will continue to operate in the EEA irrespective of Brexit, and that there will be continuity of service on our agreements.”
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