-
Fidelis has raised over $1bn so far this year from a series of equity and debt raises.
-
The early renewal approach has been met with opposition from Lloyd’s reinsurers. -
The 3.6 percent discount to the undisturbed share price is the narrowest of the recent stock issues by the London-listed specialty trio.
-
The carrier joins Beazley, Hiscox and RenRe in tapping up markets to invest in growth.
-
Campaigners say ‘Totus Re’ model based on pools for terror and flood could close protection gap.
-
The shares change hands at a 0.6 percent premium to the undisturbed price, though more than 5 percent below Tuesday's close.
-
The sale of about 5.5 million shares would increase the carrier’s outstanding common stock by 12.5 percent.
-
R&Q executives have said managing legacy business on behalf of third parties is part of their strategy going forward.
-
The division’s current North America CUO David Perez will take on the global risk solutions CUO title as James Slaughter steps down.
-
However S&P Global Ratings revised its outlook for reinsurance from stable to negative, citing pandemic-related losses and volatile capital markets.
-
Capitol Preferred cancelling over 23,000 policies could drive customers to state-backed insurer Citizens.
-
Reinsurance rates increased were manageable, a number of carriers said.
