String of new appointments as Fidelis forges ahead

Bermuda-based  Fidelis Insurance has made a series of senior promotions of executives that have been working with the insurer for a number of years with varied backgrounds at  Lancashire,  Lloyd’s and  AXA XL.

Charles Mathias has been promoted to deputy chairman. He was most recently director of underwriting having started at the company in the role of chief risk officer and has nearly four decades of broking and underwriting experience. He is also an executive director of the Fidelis Group. He joined Fidelis in 2015 from Lancashire where he was latterly chief risk officer. Prior to 2005 he held a number of roles with brokers and MGAs in London, the USA and Mexico.

Matthew Bellamy has been promoted to director of underwriting, replacing Mathias. Prior to that, he was head of FUL property reinsurance at Fidelis. He has more than 15 years of underwriting experience and prior to joining Fidelis in 2019 was head of property treaty and deputy active underwriter at Lloyd’s Acapella Syndicate.

Michael Davern has been appointed as a member of the executive committee. Davern has grown Fidelis' portfolio in the D&F property sector. He has over 20 years’ experience in the industry holding various roles within underwriting and actuarial. He joined Fidelis from AXA XL where he spent more than 10 years, most recently as an underwriting manager writing open market and delegated authority business.

Richard Brindle, chairman and group chief executive officer and chief underwriting officer of Fidelis, said: “I am delighted to be able to promote Matt and Michael as valuable members of our core team. They have been instrumental in developing our business and I look forward to working with them more closely as we continue to grow. I have worked with Charlie since 2005 and am happy to give him the recognition of the role he plays as an ambassador and adviser across all aspects of our company. This is a very exciting time for Fidelis and we are committed to developing our colleagues to help us forge ahead.”

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