Ep137: Richard Brindle and Dan Burrows of Fidelis - changing the structure of capital forever

Some people seem to have things happen to them, while others make
things happen. Richard Brindle (pictured right) and Dan Burrows
(pictured left) of Fidelis are in the latter category and are
about to make history by becoming the first traditional balance
sheet insurance company to split its underwriting and its capital
into two independent entities. It’s a typically bold and
fascinating move and one which throws up many questions. Are they
doing this because valuations of balance sheets are so low and
those of MGAs are so high, or are there other motives for going
through such a painful process? The answers are all here. Richard
also unloads a huge amount of his insight on the state of the
reinsurance and specialty markets as we head into the 1.1 renewal
season. It’s the toughest talk I’ve heard in my career and that
includes the post Katrina Rita and Wilma market of 2006, into
which Lancashire was born. This all adds up to one of the best
podcasts you’ll listen to this year, or any year. NOTES One slip
of the tongue on an acronym. SRT stands for Significant Risk
Transfer not Strategic Risk Transfer.


LINKS We thank our naming sponsor AdvantageGo:
https://www.advantagego.com/ We also thank this Episode’s
advertising supporter Oxbow Partners https://oxbowpartners.com