Fidelis agrees long-term capacity tie-up in landmark $2bn bifurcation deal
The new MGU being created by Fidelis is valued at around $2bn, or 10.5x 2023 projected earnings, and will have access to capacity under a long-term rolling contract with the London-Bermuda group’s balance sheet companies that are being separated off as part of the transaction, The Insurer can reveal.
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