Fidelis’ amicable $2bn+ split completes with 10-year exclusivity deal and “structural alignment” between MGU and balance sheet ops

Bermuda-London carrier Fidelis has successfully split into a balance sheet business and newly formed managing general underwriter as the two operations enter 2023 with a rolling 10-year binding agreement in place and other close alignment ties including exclusivity and cross-shareholding.

 

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