Crestview, CVC Among Investors in $1.5B Fidelis Backing
June 11, 2015
Newly formed specialty insurance and reinsurance provider Fidelis Insurance has secured about $1.5 billion in equity capital, with founding investors Crestview Partners, CVC Capital Partners and Pine Brook investing a combined $650 million. Oaktree Capital Management is also said to have invested. Fidelis will underwrite a book of insurance and reinsurance business principally in the property, energy, marine and aviation risk classes. The company expects to begin underwriting immediately.