The Fidelis Partnership welcomes new ceded reinsurance head

The Fidelis Partnership introduced this week the appointment of Douglas Somerville as its new head of capability and ceded reinsurance.

Somerville has been described as a seasoned skilled with 14 years within the reinsurance trade. He transitions to the Bermudian-based firm from his current position at Howden Re. There, he held the place of head of casualty facultative, specializing in tailor-made reinsurance options for advanced dangers.

Earlier than his tenure at Howden Re, Somerville spent greater than seven years at Man Carpenter, the place he served as vice chairman for worldwide casualty and specialty. His expertise and management in varied senior roles enhanced his {qualifications} for his new duties at The Fidelis Partnership, it was acknowledged.

The Fidelis Partnership, previously often known as Fidelis MGU, has been present process strategic enhancements to bolster its operations and prolong its international attain within the reinsurance sector, together with the launch of a brand new syndicate and the announcement of its rebranding. Somerville’s appointment was described as an asset and instrumental within the initiatives of the corporate.

Fidelis Partnership is a privately owned managing normal underwriter based mostly in Bermuda. It has subsidiaries specializing in property, bespoke and specialty insurance coverage and reinsurance merchandise. It additionally sponsors and incubates specialist MGAs by its Pine Stroll platform. It’s individually owned and managed from the possession and administration of Fidelis Insurance coverage Group.

Fidelis Insurance coverage Group, in the meantime, is a world specialty insurer that leverages strategic partnerships because it goals to supply progressive and tailor-made insurance coverage options to shoppers. Its portfolio is targeted on specialty, bespoke, and reinsurance. It has places of work in Eire and the UK except for its headquarters in Bermuda. Its working corporations have a monetary power score of A from AM Greatest, A- from S&P and A3 from Moody’s. 

Have one thing to say about this story? Depart a remark beneath.