The Voice of Insurance Ep269 Richard Brindle & John-Paul O'Hare The Fidelis Partnership: A Multi-Platform Risk Allocator
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Sep 23, 2025 Richard Brindle, an experienced insurance executive and chair of The Fidelis Partnership, discusses their innovative multi-platform risk allocator strategy and lessons learned from recent market challenges. Joining him, John-Paul O'Hare, Group Director of Underwriting, delves into the surge in submission flow, the integration of AI in underwriting, and the impact of California wildfires on their approach. They explore the potential of emerging risk classes and emphasize the importance of in-office presence alongside a proactive claims handling philosophy.
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Diversified Risk Allocation Wins
- The Fidelis Partnership became a multi-platform risk allocator after bifurcating in 2023 and now underwrites 148 lines.
- Diversification and leading positions let them achieve an overall RPI of 105 despite headline softening.
Pinewalk Attracted Top Underwriters
- Pinewalk doubled to 16 cells and attracted senior talent like Clive Washburn who wrote ~$450m premium this year.
- The MGA model lets underwriters focus on deal-making and underwriting rather than bureaucracy.
Structure Matters More Than Peril Alone
- Fidelis pivots structures to access perils differently, moving from XOL to proportional where pricing and access are better.
- How you access a peril in the supply chain matters as much as the peril itself.