AM Best Affirms Credit Ratings of Fidelis Insurance Holdings

Ratings reflect the insurance group's strong balance sheet, adequate operating performance, and neutral business profile.

Apr. 2, 2026 at 2:59am

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AM Best has affirmed the Financial Strength Rating of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of 'a' (Excellent) for Fidelis Insurance Bermuda Limited, Fidelis Underwriting Limited, and Fidelis Insurance Ireland Designated Activity Company. The ratings agency also affirmed the Long-Term ICR of 'bbb' (Good) for the ultimate holding company, Fidelis Insurance Holdings Limited.

Why it matters

The affirmation of Fidelis' strong credit ratings signals the insurance group's financial stability and ability to meet its obligations, which is important for its clients, partners, and investors. The ratings reflect Fidelis' disciplined underwriting, experienced management team, and diversified business platform that have allowed for profitable performance.

The details

AM Best cited Fidelis' strongest level of risk-adjusted capitalization, prudent loss reserves, financial flexibility, and high-quality fixed income portfolio as key factors supporting the very strong balance sheet assessment. The ratings agency also noted Fidelis' disciplined underwriting, experienced management team, and acceptance in the market as driving its adequate operating performance. Fidelis' neutral business profile assessment is based on its position as a provider of specialty insurance, reinsurance, and retrocession products with global reach.

  • The ratings were affirmed on April 2, 2026.

The players

Fidelis Insurance Bermuda Limited

A subsidiary of Fidelis Insurance Holdings Limited that received an 'A' (Excellent) Financial Strength Rating and 'a' (Excellent) Long-Term ICR from AM Best.

Fidelis Underwriting Limited

A subsidiary of Fidelis Insurance Holdings Limited that received an 'A' (Excellent) Financial Strength Rating and 'a' (Excellent) Long-Term ICR from AM Best.

Fidelis Insurance Ireland Designated Activity Company

A subsidiary of Fidelis Insurance Holdings Limited that received an 'A' (Excellent) Financial Strength Rating and 'a' (Excellent) Long-Term ICR from AM Best.

Fidelis Insurance Holdings Limited

The ultimate holding company of the Fidelis insurance group that received a 'bbb' (Good) Long-Term ICR from AM Best.

AM Best

A credit rating agency that affirmed the credit ratings of Fidelis Insurance Holdings Limited and its subsidiaries.

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What they’re saying

“The ratings reflect Fidelis' balance sheet strength, which AM Best assesses as very strong, as well as its adequate operating performance, neutral business profile and appropriate enterprise risk management (ERM).”

— Antonietta Iachetta, Associate Director

“Fidelis' disciplined underwriting, experienced management team and its acceptance and recognition by the market have allowed for profitable underwriting performance over the past years.”

— Matt Tuite, Director

The takeaway

The affirmation of Fidelis' strong credit ratings by AM Best underscores the insurance group's financial stability, disciplined underwriting, and diversified business platform, which have enabled it to maintain profitability and market acceptance over the years.