Fidelis launches in Ireland with execs from XL, PartnerRe, AXIS, Hiscox
Bermuda-based Fidelis Insurance Holdings has revealed plans to establish a re/insurer in Ireland, which it said will allow it to take advantage of opportunities in the European Economic Area.
Fidelis Insurance Ireland has secured approval from the Central Bank of Ireland to write bespoke and specialty insurance and reinsurance.
Colm Lyons has been appointed chief executive officer and chief underwriting officer of Fidelis Insurance Ireland.
Lyons was most recently 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, Axis Re, Willis Re and Allied World Assurance Holdings.
Robert Kelly has been appointed chief financial officer of Fidelis Insurance Ireland. Kelly joins Fidelis from PartnerRe Ireland Insurance where he was CFO, head of external reporting Europe and group International Financial Reporting Standards. Prior to PartnerRe, he held roles at FFH Management Services (part of Fairfax Group), Aviva, and PwC.
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, 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.
Richard Brindle, CEO of Fidelis, said: “I am very pleased with the calibre of talent that we have attracted with Colm, Rob and the rest of the team. 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. This is an important piece of our four-pillar strategy, ensuring that we can continue to grow our Continental book, particularly in specialty and bespoke insurance including our MGAs.”
Lyons added: “I am delighted to join the Fidelis team. Fidelis’ underwriting expertise and clearly defined strategy, together with its ability to nimbly respond to market opportunities, distinguish it from its peers. I look forward to contributing to Fidelis’ success.”
Get all the latest re/insurance industry news with our daily newsletter - sign up here.
More of today's news from Baden-Baden
Tokio Marine shuts Hong Kong business, bemoans challenging market
Qatar Re and Antares boost QIC growth as they target low volatility classes
Profits recover at Chubb in Q3 as reinsurance business shrinks
Swiss Re reveals new UK & Ireland CEO
SCOR posts solid results; growth in both P/C and life
Insurtech Galileo secures $2m investment from Greenlight Re
