Fidelis Insurance has announced two new appointments: Charles Mathias has been named to the newly-created position of group director of underwriting, and Phillip Murfet has been tapped to serve as group chief risk officer.
As group director of underwriting, Mathias will be responsible for ensuring that the company’s underwriting data, systems, processes and reporting “are of the highest standard,” a company release said. Mathias will also support the CEOs of insurance, reinsurance and Socium in delivering Fidelis’s business plans.
Murfet succeeds Mathias as group chief risk officer. Murfet was most recently serving as Fidelis’s group portfolio manager and head of catastrophe modelling.
“The scale and scope of our underwriting capabilities have increased dramatically over the last two years. We now offer over 60 different products working with our clients through brokers and MGAs. So, our underwriting controls, systems and data are at the centre of what we do, not just for our own needs but also for those of our Socium partners and other stakeholders,” said Fidelis chairman and group CEO Richard Brindle.
Brindle added that Fidelis had already developed market-leading tools to manage its underwriting and analytics – so it just needs to “move to the next level of automation and reporting,” two things that Mathias has “great experience in,” the group CEO noted.
“Phil Murfet has already shown real understanding and innovation in his roles in portfolio management and modelling. As such, he has worked closely with me and the risk team and has a thorough understanding of our risk appetites, framework and tolerances,” commented Mathias.
