We are set up to be nimble. We operate across multiple platforms drawing from a broad pool of underwriting experience to provide creative solutions to our business partners. So we guarantee innovative insurance and reinsurance solutions, rapid decision-making. and the ability to respond fast to an ever-changing world.

Fidelis MGU has 3 segments: Fidelis Underwriting comprising of three Pillars; Bespoke, Specialty and Reinsurance, with Bespoke and Specialty making up the majority of the total Gross and Net Written Premium. As well as our in-house underwriting teams we operate with the Pine Walk Platform which funds, owns the majority of and provides capacity and administration services to underwriter-led MGA cells in specialist niches. And then our third segment, where we go beyond a standard MGU by providing a full suite of market leading services covering outwards reinsurance, claims handling, exposure management, portfolio analytics and compliance. All this is supported by the provision of capacity from the Fidelis Insurance Group and Quota Share partners. 

Diversified Business Model

Fidelis MGU underwrites 72 different classes of business across a global client base, ensuring diversification across sectors, exposures and geographies

Fidelis MGU Underwriting*

Fidelis MGU has maintained a consistent focus on disciplined and innovative underwriting

Pine Walk Platform Strategy

Pine Walk provides Pine Walk cells access to capacity, funding and a suite of back office services.

*Pillar split shown allocates Fidelis’s Pine Walk and third party MGU related business to the relevant pillar 
** Average for 2017-21

  1. Rate on line refers to the ratio of premium paid to loss recoverable.
  2. Renewal price index, or RPI, is a proprietary measure that Fidelis utilizes, which measures the index of premium rate increases, using the base of 100% for the rates for the relevant year. For example, a 200% RPI in 2021 would indicate a doubling of rate from the comparative rate achieved in 2020. RPIs are not limited to price but also include exposure, retention levels and terms and conditions. The calculation involves a degree of judgement in relation to comparability of contracts and the relative impact of changes in price, exposure, retention levels and any changing terms and conditions on the RPI calculation. Consideration is only given to potential renewals of a comparable nature so it does not reflect every contract in the Fidelis’ portfolio. The future profitability of the portfolio of contracts within the RPI is dependent upon many factors besides the trends in premium rates.
  3. Ultimate loss ratio refers to the ratio of aggregate ultimate net losses incurred plus aggregate loss adjustment expenses divided by net premiums earned
  4. Probable maximum loss refers to the maximum total claim that Fidelis expects to pay across one or more policies in a given scenario. 

Source: Company Information

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