Fidelis Insurance Holdings Limited (Fidelis) has established a regulated reinsurer in Ireland, Fidelis Insurance Ireland DAC (FIID).
The Central Bank of Ireland approved Fidelis’ application to write bespoke and speciality insurance and reinsurance on 22 October 2018. From this date, FIID will be allowed to operate in the European Economic Area (EEA).
Colm Lyons has been appointed CEO and chief underwriting officer of FIID.
Lyons brings more than 18 years of re/insurance experience, most recently as chief excess casualty officer at XL Catlin’s Dublin office.
Prior to XL Catlin, Lyons held senior roles in broking and underwriting at Marsh Ireland Limited, Axis Re, Willis Re and Allied World Assurance Holdings.
Robert Kelly has been appointed the reinsurer’s CFO. Kelly joins Fidelis from PartnerRe Ireland Insurance DAC where he was CFO and head of external reporting Europe and Group International Financial Reporting Standards.
Before PartnerRe, Kelly held roles at FFH Management Services (part of Fairfax Group), Aviva, and PwC.
Alistair Brown joins as group claims manager and head of insurance operations, Ireland.
Brown was most recently head of speciality lines claims for the combined AXIS International entities.
James Brennan takes the role of compliance/risk manager at FIID, joining from Hiscox, where he was head of group compliance.
Prior to that, Brennan held management roles in internal audit at Hiscox and Brit Insurance.
Richard Brindle, CEO of Fidelis, said: “I am very pleased with the calibre of talent that we have attracted with Colm Lyons, Robert Kelly and the rest of the team.”
“Our Dublin office provides the certainty to our clients and brokers that we will continue to operate in the EEA, irrespective of Brexit, and that there will be continuity of service on our agreements.”
Colm commented: “I am delighted to join the Fidelis team. Fidelis’ underwriting expertise and clearly defined strategy, together with its ability to nimbly respond to market opportunities, distinguish it from its peers. I look forward to contributing to Fidelis’ success.”