Richard Brindle News

Fidelis Raises $185M of Capital, Bringing 2020 Total to More than $1.3B

Fidelis Insurance Holdings Ltd. announced it has raised in the fourth quarter of 2020 an additional $60 million of equity capital from existing and new investor relationships, including Alfa Insurance and affiliated companies with which Fidelis has a long-standing relationship. …

Fidelis Issues $300M of Senior Notes, Bringing 2020 Capital Raise to More Than $1B

Fidelis Insurance Holdings Ltd. announced it has issued $300 million of senior notes, which comes on the heels of last week’s equity funding of $500 million and the $300 million raised by the re/insurer in February. The offering of the …

Fidelis Insurance Raises $500 Million of Equity Capital for Growth in Hardening Market

Fidelis Insurance Holdings Ltd. announced it has raised $500 million of equity capital from existing investor relationships. On top of the $300 million raised by the company in February, Fidelis has now secured $800 million of additional equity during 2020. …

Fidelis Insurance Raises $300M of Equity Capital to Support Growth

Fidelis Insurance Holdings Ltd. announced it has raised approximately $300 million of equity capital from a combination of its existing shareholders and a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA), in order to support further growth. Fidelis, …

Fidelis Insurance Restructures Its Underwriting Businesses into 4 Pillars

Bermuda-based Fidelis Insurance Holdings Ltd. announced it is restructuring of its business across four pillars: Bespoke, Reinsurance, Partnerships and Specialty. Richard Brindle, chairman and group CEO, will reassume the additional role of group chief underwriting officer, leading the underwriting across …

Fidelis Launches Treaty Excess-of-Loss MGA, via New MGA Platform Pine Walk

Bermuda-based Fidelis Insurance announced it has launched its first managing general agent (MGA), called Radius. The MGA will be run by Rob Ashton and will focus on niche specialty treaty excess of loss business, such as cyber, nuclear and personal …

Fidelis Insurance Appoints Patel as CFO Successor to McConachie

Fidelis Insurance announced that Hinal Patel has been appointed to succeed Neil McConachie as group CFO, effective June 30, 2017, subject to regulatory and immigration approval. McConachie resigned for personal reasons earlier this year and after a comprehensive search Patel, …

Fidelis Group CFO McConachie to Resign from Role in January 2018

Fidelis Insurance announced that Neil McConachie will be stepping down from his role as group chief financial officer in January 2018. He will then remain on the board of Fidelis Insurance Holdings Ltd., the holding company, as a non-executive director. …

Fidelis Insurance Promotes Savill to Group Chief Underwriting Officer

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 …

Oaktree-Backed Insurer Seeks to Raise $2 Billion, Plans IPO Within Five Years

Oaktree Capital Group LLC is among investors backing a Bermuda insurance venture that’s seeking to raise $2 billion with plans for an initial public offering within five years. Fidelis Insurance Holdings Ltd. is led by Richard Brindle, the former chief …