Fidelis Underwriting Limited is entering the worlds of contingency and fine art & specie. Leading the expansion are London hires Emily Clapham and Stacey Munton, who will serve as underwriters for the respective classes.
“The contingency market has been turned upside down by the global impacts of COVID-19,” said Fidelis chief underwriting officer Richard Coulson. “As incumbents in this market withdraw and retrench, there is real opportunity for Fidelis to take a lead role in innovating, restructuring, and repricing products to ensure clients of this market continue to have access to long-term risk transfer solutions.
“Fidelis can provide innovation and leadership for these products, and we are excited to have an underwriter of Emily’s calibre join to spearhead this business for the group.”
Both Clapham and Munton will be part of the specialty team at Fidelis, reporting to head of specialty Kayley Stewart.
“Our entry into the fine art & specie market is part of our very deliberate strategy of broadening Fidelis’ product base across all specialty lines that are seeing significant hardening of rates, terms, and conditions,” noted the specialty head.
“As capacity continues to contract, Stacey brings with her a wealth of expertise and relationships that have already seen Fidelis take the lead position on several major placements in line with our plans for positioning ourselves as a go-to lead in this market going forwards.”
