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HAMILTON, BERMUDA— Jan 12 2016—Fidelis Insurance (“Fidelis” or “The Company”) today announces that Neil McConachie will be stepping down from his role as Group Chief Financial Officer in January 2018. He will then remain on the Board of Fidelis Insurance Holdings Limited, the holding company, as a Non-Executive Director. McConachie re-partnered with Richard Brindle to found the Company in 2015, and leaves for personal reasons.
Brindle said “I am sad that Neil will be leaving the management team, and will miss him, but respect his decision. He has been a driving force behind the establishment of Fidelis and quite frankly I couldn’t have done it without him. I am delighted that he will stay on the board as a non-executive director. Fidelis is now an established and respected company but we always need smart people’s advice and counsel, and I will certainly consult him frequently on strategic matters.”
McConachie commented: “I’m very proud to have founded Fidelis with my friend Richard. The project began some time ago and it’s been a hectic few years. Now the company is successfully established, I want to step back from day to day management. I’m very much looking forward to continuing as a Director, helping shape the future strategy and direction of this great business.”
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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