Fidelis MGU announces six promotions
Fidelis MGU, the privately-owned, Bermudian-based managing general underwriter, has strengthened its underwriting team with three key promotions at the senior executive level.
Richard Coulson has been promoted to deputy group chief underwriting officer, remaining in his secondary role as chief executive officer of insurance. He was most recently UK CUO since 2021, overseeing all business written from London and the group’s insurance lines.
The company said his responsibilities would expand to include assisting with the management of Fidelis MGU’s global underwriting portfolio across all lines of business.
Mr Coulson joined Fidelis in 2015 at the time of its launch as head of speciality and has since held multiple executive positions at the company.
Michael Davern, who was most recently deputy UK CUO, will be taking over the role of UK CUO from Mr Coulson, remaining in his role as group head of D&F property, energy and construction, leading the management of the UK portfolio.
Mr Davern joined Fidelis in 2020 as a senior underwriter.
Matthew Bellamy has been promoted to deputy UK CUO. The company said he would continue his role as director of underwriting for the group with responsibility for underwriting data, systems, process and reporting, having joined Fidelis in 2019 as a senior underwriter.
Fidelis MGU has also promoted Jamie Cann to head of aviation and space; Savannah Thompson to head of political risk; and Abigail Wilkins to head of airlines, recognising their leadership in these lines of business and the significant expansion of these portfolios.
Richard Brindle, executive chairman and CEO of Fidelis MGU, said: “It is an exciting time for Fidelis MGU as we take advantage of our separation from the Fidelis Insurance Group to redouble our focus on underwriting and our balance sheet, and colleagues complete a successful first earnings release as a public company.
“These promotions recognise the fantastic contributions that these colleagues have made in executing our plans for growth and profitability.
“We are constantly looking for ways to recognise our talent and to strengthen our underwriting teams for the commitment and hard work they have shown.”