Fidelis CFO and co-founder Neil McConachie steps down

Neil McConachie, the co-founder and chief financial officer of Bermuda-based Fidelis Insurance, has decided to step down from his role in January 2018 citing personal reasons.

McConachie says he now wants to “step back from day-to-day management” of the company. However, he will continue to serve the Fidelis board as a non-executive director.

The property/casualty re/insurance start-up was co-founded in 2015 by McConachie and Richard Brindle.

Brindle commented: “I am sad that Neil will be leaving the management team, and will miss him, but respect his decision. He has been a driving force behind the establishment of Fidelis and quite frankly I couldn’t have done it without him.

“I am delighted that he will stay on the board as a non-executive director. Fidelis is now an established and respected company but we always need smart people’s advice and counsel, and I will certainly consult him frequently on strategic matters.”

McConachie added: “I’m very proud to have founded Fidelis with my friend Richard. The project began some time ago and it’s been a hectic few years. Now the company is successfully established, I want to step back from day-to-day management.

“I’m very much looking forward to continuing as a director, helping shape the future strategy and direction of this great business.”

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