Charles in charge of underwriting at Fidelis
Bermuda-based Fidelis Insurance Holdings Ltd has appointed Charles Mathias to the newly created position of group director of underwriting.
The company said Mr Mathias will be responsible for ensuring that Fidelis’ underwriting data, systems, processes and reporting are of the highest standard and will support the CEOs of insurance, reinsurance and Socium in delivering Fidelis’ business plans.
Fidelis said Phillip Murfet will assume the role of group chief risk officer, replacing Mr Mathias. Mr 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.”
Mr Mathias said: “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.”
Fidelis is a privately-owned, island-based holding company, which, through its subsidiaries, is a global provider of property, bespoke and speciality insurance and reinsurance products.