Fidelis seeks to take automation to next level with new appointments

Bermuda-based re/insurer  Fidelis has appointed a group director of underwriting and new chief risk officer (CRO) as it looks to increase its underwriting and risk management capabilities, and move to the next level of automation and reporting.

Charles Mathias (pictured) has been appointed to the newly created position of group director of underwriting. He will be responsible for Fidelis’ underwriting data, systems, processes and reporting, and will support the CEOs of insurance, reinsurance and Socium in delivering the company's business plans.

Phillip Murfet will assume the role of group CRO, replacing Mathias. Murfet was formerly Fidelis’ group portfolio manager and head of catastrophe modelling.

Richard Brindle, chairman and group chief executive officer of Fidelis, said: “The scale and scope of our underwriting capabilities have increased dramatically over the last two years. We now offer over 60 different products working with our clients through brokers and MGAs. So our underwriting controls, systems and data are at the centre of what we do, not just for our own needs but also for those of our Socium partners and other stakeholders.

"We have already developed market leading tools to manage our underwriting and analytics. We now need to move to the next level of automation and reporting. Charlie has great experience in these areas and will ensure we remain efficient and focused.

Mathias commented: “Phil Murfet has already shown real understanding and innovation in his roles in portfolio management and modelling. As such he has worked closely with me and the risk team and has a thorough understanding of our risk appetites, framework and tolerances. He has already contributed significantly to the development of our proprietary FireAnt aggregation and analytics tool, and he will be looking for opportunities to enhance our risk management and reporting tools for operational and all other risk sectors.”

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