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Fidelis Insurance obtains further $500m of equity funding

Jun 10, 2020 - Marketline Newswire

Re/insurance firm Fidelis Insurance has secured an additional $500m of equity funding from existing investor relationships.

In the past six months, the firm has obtained $800m of additional equity. The firm will now have funds for underwriting more than $2bn. This is said to enable the firm to expand relationships with both existing as well as new clients in the classes it already writes. This will also support the expansion of the firm into new business lines, noted Fidelis. Commenting on...