Fidelis withdraws from M&A insurance

Fidelis has chosen to exit the M&A insurance market less
than a year after it entered as a result of poor market conditions,
The Insurance Insider understands.
The carrier told brokers this week that it would no longer write
warranty and indemnity (W&I) insurance due to the unfavourable
rating environment.
Fidelis entered the market in July last year after hiring Kate
DaSilva from Marsh to lead its W&I business.
In a statement to this publication, Richard Coulson, head of
specialty..