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01.07.25 - 13:18
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Fidelis Capital Welcomes Paul Trippe as Partner (PR Newswire)
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As an investment executive at U.S. Trust / Bank of America Private Bank, Trippe directly managed client assets in excess of $2 billion; he brings 40+ years of experience serving UHNW clients to Fidelis Capital. TAMPA, Fla., July 1, 2025 /PRNewswire/ -- Fidelis Capital announced today that......
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01.07.25 - 05:06
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Resecurity Appoints Luiz Cota as Territory Manager for Brazil (Business Wire)
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LOS ANGELES--(BUSINESS WIRE)--Resecurity, Inc., a global leader in cybersecurity and threat intelligence solutions, is pleased to announce the appointment of Luiz Cota as Territory Manager for Brazil. With more than three decades of experience in technology and cybersecurity across Latin America, Cota will spearhead Resecurity's efforts to expand its footprint in Brazil and strengthen cyber defense capabilities for local enterprises, public institutions, and critical infrastructure.
Throughout his career, Luiz Cota has held senior roles at leading cybersecurity and technology firms including Cisco, IronPort, SurfControl, Fidelis, and Offensive Security. His extensive background in both commercial and technical domains positions him to effectively adapt and deliver Resecurity's advanced threat intelligence solutions to meet the unique needs of the Brazilian market.
Cota brings a rare combination of deep technical expertise and strategic business insight. He founded Brazil's first cyber-insurance brokera...
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16.06.25 - 16:30
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AM Best Assigns Issue Credit Rating to Fidelis Insurance Holdings Limited Subordinated Notes (Business Wire)
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OLDWICK, N.J.--(BUSINESS WIRE)--#insurance--AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of “bbb-” (Good) to $400 million 7.75% fixed rate subordinated notes, due June 15, 2055 issued by Fidelis Insurance Holdings Limited (Fidelis) (Bermuda). The outlook assigned to this Credit Rating (rating) is stable. The existing ratings of Fidelis and its subsidiaries are unchanged.
The release relates to the previously assigned indicative Long-Term IR of this note which has been withdrawn. Fidelis intends to use proceeds of this issue to repay outstanding preference shares, while the remainder will be used for general corporate purposes.
This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional in...
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10.06.25 - 22:39
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Fidelis Insurance Holdings Limited Announces Pricing of $400 Million of 7.750% Fixed-Rate Reset Subordinated Notes Due 2055 (Business Wire)
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PEMBROKE, Bermuda--(BUSINESS WIRE)--Fidelis Insurance Holdings Limited (NYSE:FIHL) ("Fidelis Insurance Group" or the "Company"), a global specialty insurer, announced today the pricing of $400 million aggregate principal amount of its 7.750% Fixed-Rate Reset Subordinated Notes due 2055 (the “Notes”). The offering is expected to close on June 13, 2025, subject to satisfaction of customary closing conditions.
Fidelis Insurance Group intends to use a portion of the net proceeds from this offering to fund its redemption of the 9.00% Fixed Rate/Floating Rate Cumulative Preference Shares, Series A, par value U.S. $0.01. The Company intends to use the remaining net proceeds from this offering for general corporate purposes.
Wells Fargo Securities, Barclays and Lloyds Securities are acting as joint book-running managers for the offering.
The Notes are being offered pursuant to an effective shelf registration statement that has previously been filed with the U.S. Securities and Exchange Com...
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30.05.25 - 22:21
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Fidelis Insurance Group Sponsors New Herbie Re Ltd. Catastrophe Bond (Business Wire)
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PEMBROKE, Bermuda--(BUSINESS WIRE)--Fidelis Insurance Holdings Limited (NYSE:FIHL) (“Fidelis Insurance Group” or “the Company”), a global specialty insurer, announced today that Fidelis Insurance Bermuda Limited (“FIBL”) has successfully closed a new catastrophe bond through the issuance of the Series 2025-1 Class A Principal-at-Risk Variable Rate Notes (the “Series 2025-1 Notes”), by its Herbie Re Ltd. program (“Herbie Re”).
This is the seventh series of notes issued by Herbie Re and will provide the Fidelis Insurance Group with $90 million of collateralized reinsurance protection. The Series 2025-1 Notes issued will be exposed to insured industry losses resulting from North America named storm, North America earthquake, US severe thunderstorm, US wildfire, US winter storms, US Caribbean earthquake, Japan typhoon, Japan earthquake, Canada severe storm, Canada winter storm, European windstorm, Italy earthquake, Turkey earthquake, Australia earthquake, Australia tropical cyclone, and NZ...
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14.05.25 - 22:18
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Fidelis Insurance Group Reports 2025 First Quarter Results (Business Wire)
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First Quarter 2025 Highlights:
Gross premiums written (“GPW”) of $1,722.9 million; growth of 13.8% from the first quarter of 2024
Combined ratio of 115.6%, reflecting the impacts of the California wildfires
Annualized operating return on average common equity (“Operating ROAE”) of (7.6)%
Net loss of $42.5 million, or $(0.38) per diluted common share, and operating net loss of $45.3 million, or $(0.41) per diluted common share
Book value per diluted common share was $21.54 at March 31, 2025
Total capital returned to common shareholders was $33.2 million for the first quarter of 2025, including common share repurchases of $22.1 million and dividends of $11.1 million
PEMBROKE, Bermuda--(BUSINESS WIRE)--Fidelis Insurance Holdings Limited (“Fidelis” or “FIHL” or “the Group”) (NYSE: FIHL) announced today its financial results for the first quarter ended March 31, 2025.
Dan Burrows, Group Chief Executive Officer of Fidelis Insurance Group, commented: "During the first quarter, we capital...
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06.05.25 - 22:21
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Fidelis Insurance Group Declares Quarterly Dividend (Business Wire)
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Announces Quarterly Dividend of $0.10 Per Common Share Payable June 27, 2025
PEMBROKE, Bermuda--(BUSINESS WIRE)--Fidelis Insurance Holdings Limited (NYSE:FIHL) (“Fidelis Insurance Group” or “the Company”), a global specialty insurer, announced today that its Board of Directors has approved and declared a dividend of $0.10 per share, payable on June 27, 2025, to common shareholders of record on June 16, 2025.
About Fidelis Insurance Group
Fidelis Insurance Group is a global specialty insurer, leveraging strategic partnerships to offer innovative and tailored insurance solutions.
We have a highly diversified portfolio that we believe allows us to take advantage of the opportunities presented by evolving (re)insurance markets, proactively shift our business mix across market cycles, and produce superior underwriting returns.
Headquartered in Bermuda, with offices in Ireland and the United Kingdom, Fidelis Insurance Group operating companies have an insurer financial strength rating of A from AM Best,...
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17.04.25 - 14:21
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Fidelis Insurance Group Schedules First Quarter 2025 Financial Results Conference Call (Business Wire)
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PEMBROKE, Bermuda--(BUSINESS WIRE)--Fidelis Insurance Holdings Limited (NYSE:FIHL) ("Fidelis Insurance Group" or the "Company"), a global specialty insurer, announced today that it expects to release financial results for the first quarter ended March 31, 2025, on May 14, 2025, after the close of the financial markets. These documents will be available via the Investors section of the Company's website at https://investors.fidelisinsurance.com.
Dan Burrows, Group Chief Executive Officer, Allan Decleir, Group Chief Financial Officer, and Jonny Strickle, Group Managing Director, will host an investor teleconference, including a question-and-answer period, on May 15, 2025, at 9:00 a.m. ET to discuss the first quarter results as well as related matters.
The teleconference can be accessed by dialing 1-646-564-2877 (U.S. callers), or 1-800-549-8228 (international callers), and entering the passcode 50436 approximately 10 minutes in advance of the call. A live, listen-only webcast of the cal...
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