Fidelis posts 86% combined ratio for 2017

Richard Brindle's (re)insurer Fidelis has reported an 86.0
percent combined ratio for 2017, the week after the Corporation
disclosed that the metric for the Lloyd's market was 114.0
percent.
Fidelis told The Insurance Insider
that it had delivered a maiden profit of $31mn, prior to the $27mn
paid out in dividends to preference shareholders, as the top line
at the 2015 start-up hit $546mn.
The Bermuda-domiciled specialty (re)insurer disclosed an
accident-year, ex-cat combined ratio of 72.5 percen