Pelagos Insurance Capital Limited PLGO

Company Overview

Fidelis Insurance Holdings Limited (FIHL) is a global specialty insurance and reinsurance group that underwrites complex and bespoke risks across property, casualty, and specialty lines. The company operates primarily within the specialty insurance and reinsurance industries, focusing on high-margin, non-commoditized risks where underwriting expertise and disciplined risk selection are critical differentiators. FIHL’s revenues are driven mainly by underwriting income and investment returns on its insurance and reinsurance portfolios.

The company was founded in 2015 by Andrew McGavick and was established in Bermuda, leveraging the jurisdiction’s regulatory framework and proximity to global reinsurance markets. Fidelis initially focused on reinsurance but expanded into specialty insurance lines over time, broadening its risk profile and customer base. In 2023, Fidelis Insurance Holdings Limited became a publicly listed company on the New York Stock Exchange, marking a significant milestone in its corporate evolution and access to permanent capital.