7 March 2017Insurance

Fidelis names new CFO succeeding Neil McConachie

Bermuda-based holding company Fidelis Insurance has appointed Hinal Patel to succeed Neil McConachie as group chief financial officer (CFO) with effect from June 30.

McConachie, who co-founded the property/casualty re/insurance start-up in 2015 with Richard Brindle, resigned from the company in January citing personal reasons.

Patel was most recently the group chief actuary of Fidelis.

Brindle, group CEO, commented: "Hinal brings a deep understanding of Fidelis' business, reserving and capital management which aligns with the strategic role of the CFO. Most importantly he understands underwriting, which is vital as we continue to pursue growth opportunities. The Board and I fully support his promotion into this role."

McConachie said: "Hinal has clearly demonstrated his capabilities since joining Fidelis as Group Chief Actuary. I look forward to working closely with him over the coming months, and will remain on in a consulting capacity until December 2017, to ensure a smooth transition."

Today’s top stories

AIG appoints new chief information officer as Fasano resigns

Direct Line optimistic on outlook despite Ogden rate impact

Aon Risk Solutions appoints new UK CEO as Tunnicliffe steps down

Rountree replaces Barrette at OneBeacon Insurance

Did you enjoy reading this story?  Sign up to our free daily newsletters and get stories like this sent straight to your inbox.

Already registered?

Login to your account

To request a FREE 2-week trial subscription, please signup.
NOTE - this can take up to 48hrs to be approved.

Two Weeks Free Trial

For multi-user price options, or to check if your company has an existing subscription that we can add you to for FREE, please email Elliot Field at efield@newtonmedia.co.uk or Adrian Tapping at atapping@newtonmedia.co.uk


More on this story

Insurance
13 December 2017   Former Fidelis chief financial officer, Neil McConachie is joining the board of directors of Bermuda-based Third Point Reinsurance.
Insurance
13 January 2017   Neil McConachie, the co-founder and chief financial officer of Bermuda-based Fidelis Insurance, has decided to step down from his role in January 2018 citing personal reasons.