Fidelis raises $300m to drive growth and capitalise on hardening market

Richard Brindle, chairman and CEO of Fidelis

Bermudan insurer Fidelis Insurance has raised $300m in equity capital to support its expansion plans. The specialty underwriter, which also houses reinsurance and bespoke units, said the new capital was raised by existing shareholders and new investor the Abu Dhabi Investment Authority. Chairman and CEO of Fidelis Richard Brindle said the additional capital gives the group “firepower” to capitalise on…

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