Bermudian-based Fidelis Insurance Holdings Limited has promoted Charles Mathias to the post of deputy chairman.

The promotion was one of three announced by the privately owned holding company, which, through its subsidiaries, is a global provider of property, bespoke and specialty insurance and reinsurance products.

Matthew Bellamy takes over as director of underwriting and Michael Davern has been appointed as a member of the executive committee.

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.”

He added: “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.”

Mr Mathias 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 United States and Mexico.

Prior to succeeding Mr Mathias as director of underwriting, Mr Bellamy 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.

Fidelis said Mr Davern has grown the portfolio to be a lead market in the D&F property sector. He has more than 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.