Fidelis stresses importance of chief risk officer joining board


Fidelis Insurance has highlighted the importance of the appointment of a chief risk officer to its board of directors.

The Bermuda-based company has appointed group chief risk officer Charles Mathias to its board succeeding Neil McConachie who resigned as group chief financial officer and director earlier this year. McConachie retains a consulting relationship with Fidelis until the end of 2017.

Mathias joined Fidelis in 2016 from Lancashire where he was chief risk officer with responsibility for the group’s enterprise risk management. He started at Lancashire at its launch in 2005, and his roles for the group also included chief underwriting officer of the Bermuda entity and group underwriting operations director. Prior to 2005 he held a number of roles with brokers and MGAs in London, the USA and Mexico.

Richard Brindle, chairman of FIHL, said: "Charles’ impact, as Group Chief Risk Officer at Fidelis, cannot be overstated. Our success is built on careful and expert assessment of risk, and Charles has demonstrated his broad knowledge and leadership in this regard. I am very pleased to welcome him to our Board."

Fidelis Insurance, Appointment, Charles Mathias, Neil McConachie, Bermuda

Bermuda Re