2 March 2020Insurance

Fidelis enters D&F market, appoints senior underwriter

Bermuda-based re/insurer Fidelis has appointed Michael Davern as a senior underwriter. He will lead the growth of Fidelis’ direct and facultative (D&F) writings based in the London office, while working closely with colleagues in Bermuda. He joins from AXA XL where he spent over 10 years, most recently as an underwriting manager writing open market and delegated authority business.

Richard Coulson, UK CUO and executive head of bespoke & specialty at Fidelis said: “I am delighted to welcome Michael as Fidelis continues to build its specialty capabilities. D&F is an area where significant capacity has been removed from the market allowing a pricing correction and creating a strong demand for new participants. We are very focused on being responsive to brokers and clients and believe Michael is the right person to lead the continued growth of this product line for us.”

Richard Holden, executive head of reinsurance, added: “We feel this is the right time to enter the direct and facultative market, utilising Bermuda and London brokers to access business. Michael brings 15 years of industry experience and market relations to Fidelis and we look forward to building another long-term class of business to complement our existing lines within the Fidelis group.”

Davern said: “I am excited to join Fidelis, at a time when Fidelis can offer solution for brokers’ and clients’ need for capacity. Given their reputation for client service and that they have a true underwriting philosophy at their core I look forward to growing the direct & facultative property book and contributing to Fidelis’ ongoing success.”

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
4 June 2020   AM Best cited its strong balance sheet and 'excellent' senior management team.
Insurance
20 July 2020   The executive was most recently as the global claims director responsible for all of Amlin’s regulated entities.
Insurance
5 August 2021   The re/insurer has appointed a new group director of underwriting and chief risk officer.