Fidelis replaces Berkshire private placement for IG

Richard Brindle's total return carrier Fidelis has agreed a
5 percent private placement on the International Group's
general excess of loss (GXL) programme, The Insurance
Insider can reveal.
It is understood Berkshire Hathaway declined to renew its
three-year deal with the group, with the vacancy filled by Fidelis,
the start-up launched last year by Lancashire duo Brindle and Neil
McConachie.
Berkshire Hathaway previously wrote a 5 percent share of the GXL
programme up to $1.1bn in excess of a $