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Patel appointed successor CFO

HAMILTON, BERMUDA— Mar 6 2017 — Fidelis Insurance (“Fidelis” or “The Company”) today announces that Hinal Patel has been appointed to succeed Neil McConachie as Group CFO effective June 30th, 2017, subject to regulatory and immigration approval. Neil McConachie resigned for personal reasons earlier this year and after a comprehensive search Patel, currently Fidelis’ Group Chief Actuary, emerged as the strongest candidate. Richard Brindle, Group Chief Executive Officer, commented “Hinal brings a deep understanding of Fidelis’ business, reserving and capital management which aligns with the strategic role of the CFO. Most importantly he understands underwriting, which is vital as we continue to pursue growth opportunities. The Board and I fully support his promotion into this role.” McConachie further noted “Hinal has clearly demonstrated his capabilities since joining Fidelis as Group Chief Actuary. I look forward to working closely with him over the coming months, and will remain on in a consulting capacity until December 2017, to ensure a smooth transition.”

 

About Fidelis Insurance

Fidelis Insurance Holdings Limited is a privately-owned Bermuda-based holding company, which, through its wholly-owned subsidiaries, is a global provider of specialty insurance and reinsurance products for property, energy, marine and aviation risk classes. Fidelis employs a total return strategy by tactically shifting capital and risk between insurance and investments to maximize the return on equity across market cycles. Fidelis is rated A- (Excellent) by A.M. Best Company, Inc. Additional information regarding Fidelis may be found at cosmicwebsites.com/fidelis.

 

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