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As a Managing General Agent (MGA), OPEnergy provides professional underwriting services on behalf of a panel of insurers. We offer specialist underwriting knowledge and can provide customers and brokers with a wide range of products and insurer options.

Fidelis Insurance Group is our cornerstone carrier partner.

For more details/information on this, please contact us at info@openergyinsurance.com.

 

Carrier Partners at Fidelis Insurance Group

Fidelis Underwriting Limited (FUL) is an insurance company incorporated in England and Wales. FUL is authorised as an insurance company in the UK by the Prudential Regulation Authority and is regulated in the UK by the Financial Conduct Authority and Prudential Regulation Authority.

Fidelis Insurance Ireland DAC (FIID) is an insurance company incorporated in the Republic of Ireland. Formed in 2018 to provide a post-Brexit solution for Fidelis; authorised and regulated by the Central Bank of Ireland.

 

Fidelis Separation Transaction

In January 2023, Fidelis completed a groundbreaking transaction to separate into two businesses: Fidelis Insurance Group and Fidelis MGU, with different owners but a common purpose to continue its success. The separation of Fidelis into two businesses enhances its position in the market, through the ability to remain agile and responsive to best serve clients, brokers, and partners.

The structure is one of strong alignment; economically via the investment by Fidelis MGU in Fidelis Insurance Group and through a significant element of profit commission; through governance by a long-term binder agreement with a right of first offer on new business.

Financial Strength1

A.M Best Company assigns an A (Excellent) with a negative outlook financial strength rating to all the Fidelis Insurance carrier entities including Fidelis Insurance Bermuda Limited, Fidelis Underwriting Limited, and Fidelis Insurance Ireland DAC.

S&P Global Ratings assigns an A- (Stable) financial strength rating to Fidelis Insurance Bermuda Limited, Fidelis Underwriting Limited, and Fidelis Insurance Ireland DAC.

Moody’s assigns an A3 (Stable) financial strength rating to the Fidelis Insurance companies.

1The ratings included above are provided by third-party rating agencies and are subject to adjustment at the sole discretion of those agencies.  The inclusion of these ratings herein does not constitute an endorsement of the ratings by the Company or any other party. This information is accurate as of 24/01/2024. For latest position, please refer to the noted rating agencies directly.

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