Fidelis boss Richard Brindle has added group chief underwriting officer to his existing responsibilities - as chairman and CEO of the Bermudian - as Ben Savill leaves the (re)insurer.
In 2016, Savill was handed the CUO role, which he assumed from Brindle - who had founded the carrier a year earlier. Saville joined the carrier shortly after its launch.
The firm said he was leaving to “pursue other opportunities”, and thanked him for his service. He will be replaced in his other role as CEO of the firm’s Bermuda operation by group chief financial officer Hinal Patel.
The departure was announced amid a restructure of the business that will also see Fidelis’ group general counsel Patricia Roufca assume the additional title of chief operating officer.
“Patricia, since her arrival at Fidelis, has delivered and executed on key projects including a proposed Brexit solution, and with Fidelis’ execution culture this role is key to ensure delivery on Fidelis’ growth strategy,” the carrier said in a statement.
It said the restructure was designed to deliver enhanced focus and execution as it delivers the business which is based around four pillars: bespoke cover; reinsurance; partnerships through quota shares, third-party vehicles and its MGA platform Pine Walk; as well as its specialty division.
In a statement, Brindle said: “We are always looking to improve our service to our clients and this clear division of our core underwriting business into four pillars will sharpen the focus on our key products and relationships.”
“We have great strength and depth in our executive team, and Patricia will be instrumental in driving the continued search for efficiency in all we do,” he continued.
“I am looking forward to an exciting future for Fidelis with strong definition on our sources of profit and differentiation, and with a relentless dedication to our culture of execution.”