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HAMILTON, BERMUDA— October 23, 2018 – Fidelis Insurance Holdings Limited (the “Company” or “Fidelis”) is pleased to announce the establishment of a regulated (re)insurer in Ireland, Fidelis Insurance Ireland DAC (“FIID”), to take advantage of opportunities in the European Economic Area (“EEA”). On October 22nd, 2018 the Central Bank of Ireland approved Fidelis’ application to write bespoke and specialty insurance and reinsurance.
Colm Lyons has been appointed Chief Executive Officer & Chief Underwriting Officer of FIID. Colm brings over 18 years of re/insurance experience, most recently as Chief Excess Casualty Officer at XL Catlin’s Dublin office. Prior to XL Catlin, Colm held progressively more senior roles in broking and underwriting at Marsh Ireland Limited, Axis Re, Willis Re and Allied World Assurance Holdings.
Robert Kelly has been appointed Chief Financial Officer of FIID. Robert joins Fidelis from PartnerRe Ireland Insurance DAC where he was Chief Financial Officer, Head of External Reporting Europe and Group International Financial Reporting Standards (“IFRS”). Prior to PartnerRe, Robert held roles at FFH Management Services (part of Fairfax Group), Aviva, and Pricewaterhouse Cooper.
Alistair Brown joins as Group Claims Manager & Head of Insurance Operations, Ireland. Alistair 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 of FIID, joining from Hiscox, where he was Head of Group Compliance. Prior to that James held management roles in internal audit at Hiscox and Brit Insurance.
Richard Brindle 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.”
Colm 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.”