Our Strategy

We are nimble. We are creative. And we leverage our experience through multiple platforms to provide our business partners with bespoke, cutting-edge solutions. We guarantee innovative insurance and reinsurance solutions, rapid decision-making and the ability to respond fast to an ever-changing world.

 

The Fidelis Partnership has three segments: 

  • Fidelis Underwriting, comprising our three underwriting units: Bespoke, Specialty and Reinsurance. 
  • Our Pine Walk platform, which funds, owns and provides capacity and administration services to underwriter-led MGA cells in specialist niches.
  • Portfolio management services, where we provide a full suite of market-leading services from outwards reinsurance, claims handling and exposure management to portfolio analytics and compliance. 

This is what it looks like to be more than a regular MGU. And all of this is supported by the provision of capacity from the Fidelis Insurance Group (AM Best: A (Excellent) rating) and Quota Share partners.


The Largest Independently-Owned MGU Globally

Our fundamentally different underwriting process has supported our outperformance

Market Leading​
Production Capabilities​

Led by one of the best performing teams in the industry, with deep and extensive relationships across the market, cultivated over more than 40 years

As a top 3 market for any risk of note in each of our lines of business – we are price makers not price takers

Differentiated Approach​
to Underwriting

Every underwriting opportunity is discussed and decided via a daily global underwriting and marketing call, attended by senior management

State-of-the-art analytics and aggregation tools built using The Fidelis Partnership’s  proprietary integrated tech solutions

Rapid decision-making on new and emerging opportunities

Significantly More Leadership and Leverage

The Fidelis Partnership Lead on Signed Premiums(1)

We take a lead (2) position on the vast majority of our underwriting:

97%

Specialty

99%

Bespoke

96%

Reinsurance

Source: Company information. Includes lead positions and party agreement (where The Fidelis Partnership is on the same terms as the lead). (1) YTD signed premium as at 16 October 2024. (2) The Fidelis Partnership defines a lead as an Entity that is defined as one or more of the following elements: Claims Lead, Slip Lead, Claims Agreement Party, Price Lead, Agreement Party to Special Acceptance, and Agreement Party to Contract Changes; (3) Fidelis Partnership management MI 2023 pricing differential

Overview of The Fidelis Partnership Today

We generate premium both through in-house underwriting teams (The Fidelis Partnership) and via our MGA platform, Pine Walk. The Fidelis Partnership funds, owns the majority of and provides capacity and administration services to underwriter-led MGA cells in specialist niches.

We aim to be part of the first three markets to see any risk of note in our lines of business

~80% of GWP

Richard Brindle-led underwriting

Daily UMCC to approve all new risks and renewals

Focused on Specialty & Bespoke Underwriting

Comprehensive claims handling and actuarial pricing

Cross-sell
opportunities

Maximising
relationships

Value Add Portfolio Services

~20% of GWP

Existing base of 11 niche MGAs

MGA tech stack and wrapper of back and middle office services

Leading entrepreneurial underwriters

Leveraging The Fidelis Partnership’s relationships and capacity

Supported by the best capacity base in the market

Unique Long-Term Capacity...

...Alongside Additional Capacity

Reinsurer capacity

Insurer capacity

A High Quality, Well-Positioned Portfolio

Our underwriting is structured across three key “pillars", creating a diversified business portfolio with market leading returns

Specialty

Specialized portfolio leveraging The Fidelis Partnership’s underwriting expertise

30+ year of trading relationship

Bespoke

Highly-focused property catastrophe (cat) book, no property binders
Targeting clients with sophisticated data and loss adjusting capabilities

Reinsurance

Highly tailored, specialized products ranging in duration from days to long-tenor contracts
Low attrition loss exposure and embedded value

LTM Q2 2024 Gross Written Premiums(1)

$4.1B

Notes:  (1) As reported by Fidelis Insurance Holdings Limited in its financial results for quarter ended June 30, 2024

Pine Walk Platform Strategy

Pine Walk provides Pine Walk cells access to capacity, funding and a suite of back office services. The below shows Pine Walk Group GWP (US$m).

Pine Walk Group GWP (US$m)

1

2017

37

2018

66

2019

83

2020

238

2021

547

2022

780

2023

868

2024

>$1bn

2025E

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