Fidelis raises $300m capital to expand its business
Feb 12, 2020 - Marketline Newswire
Investments
Fidelis Insurance Holdings, a specialty insurance and reinsurance firm, has raised $300m in an equity growth round led by Abu Dhabi Investment Authority (ADIA)'s fully-owned subsidiary.
The company's existing shareholders accompanied ADIA's subsidiary in the funding round. Through capital injection, Fidelis expects to expand its business and support growth. Last year, ADIA invested approximately $550m in insurance-linked securities (ILS). Fidelis operates with four-pillar strategy across B...
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