Fidelis MGU sharpens underwriting focus with leadership moves
Richard Brindle-led Fidelis MGU, the recently formed managing general underwriter separate from Fidelis Insurance, has bolstered its leadership team with fresh appointments to supercharge its focus on underwriting.
Richard Coulson (pictured top left) has been promoted to deputy group chief underwriting officer (CUO), remaining in his secondary role as chief executive officer (CEO) of insurance. He was most recently UK CUO since 2021, overseeing all business written from London and the group’s insurance lines. His responsibilities will expand to include assisting with the management of Fidelis MGU’s global underwriting portfolio across all lines of business. Coulson joined Fidelis in 2015 at the time of its launch as head of speciality and has since held multiple executive positions at the company.
Michael Davern, who was most recently deputy UK CUO, will be taking over the role of UK CUO from Coulson, remaining in his role as group head of D&F property, energy and construction, leading the management of the UK portfolio. Davern began his career in the industry in 2003 at Lane Clark & Peacock actuarial consultancy. After qualifying as an actuary, he moved into underwriting at Catlin Syndicate, progressing to underwriting manager. He joined Fidelis in 2020 as a senior underwriter.
Matthew Bellamy (bottom right) has been promoted to deputy UK CUO. He will continue his role as director of underwriting for the group with responsibility for underwriting data, systems, process and reporting having joined Fidelis in 2019 as a senior underwriter. He began his career in the industry at Amlin as a US property treaty underwriter before moving to Acappella Syndicate 2014 where he held multiple senior underwriting roles on the property treaty team and was deputy active underwriter.
Furthermore, Fidelis MGU has also promoted Jamie Cann (bottom left) to head of aviation and space, Savannah Thompson (top right) to head of political risk and Abigail Wilkins (bottom centre) to head of airlines recognising their leadership in these lines of business and the significant expansion of these portfolios.
Brindle, executive chairman and CEO of Fidelis MGU, said: “It is an exciting time for Fidelis MGU as we take advantage of our separation from the Fidelis Insurance Group to redouble our focus on underwriting and our balance sheet colleagues complete a successful first earnings release as a public company. These promotions recognise the fantastic contributions that these colleagues have made in executing our plans for growth and profitability. We are constantly looking for ways to recognise our talent and to strengthen our underwriting teams for the commitment and hard work they have shown. Congratulations to all on their promotions and I look forward to their continued success.”
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