Fidelis pushes into contingency and fine art markets with two underwriting hires

Fidelis Underwriting has appointed Emily Clapham and Stacey Munton as underwriters in the contingency and fine art and specie markets, respectively.

Clapham and Munton are based in London and join the Fidelis specialty team reporting to Kayley Stewart, head of specialty, spearheading the carrier’s entry into these two markets.

Richard Coulson, chief underwriting officer for Fidelis Underwriting, said: “The contingency market has been turned upside down by the global impacts of COVID-19. As incumbents in this market withdraw and retrench there is real opportunity for Fidelis to take a lead role in innovating, restructuring and repricing products to ensure clients of this market continue to have access to long term risk transfer solutions. Fidelis can provide innovation and leadership for these products.”

Stewart said Fidelis’ entry into the fine art and specie market is part of a very deliberate strategy of broadening its product base across all specialty lines that are seeing significant hardening of rates, terms and conditions.