Fidelis appoints CIO

Bermuda-based Fidelis Insurance has appointed Laurent Jeanmart as chief investment officer (CIO).

Jeanmart succeeds Ed Russell, reporting to Neil McConachie, group chief financial officer.

Jeanmart has more than 16 years’ experience in the financial services markets. He joins the Fidelis firm from Platinum Capital Management (PCM), where he had served as global head of investment since 2012. Prior to PCM, Jeanmart was head of hedge funds research & investments at Signia Wealth. Other previous employers include GLG Partners, Lazard and BNP Paribas.

“I’m delighted to welcome Laurent to Fidelis, he has a wealth of expertise across the financial markets and a track record of providing businesses with robust investment strategies and will play a key role in our continued development,” said McConachie. “I would also like to thank Ed for his contributions in establishing our investment programme during our initial year, and to wish him the very best for the future.”

Jeanmart added: “Fidelis has advanced rapidly since its formation, and it’s very exciting to be joining the business at such a significant stage in its development. The company’s innovative model of optimising both the underwriting and asset sides of the balance sheet is a significant differentiator, and I look forward to working with Fidelis’ leadership team to help the business grow.”