Fidelis Insurance Group, now Pelagos Insurance Capital, has released its 2024 annual letter to shareholders, outlining a year of significant financial growth and strategic expansion. The letter, authored by Group CEO Dan Burrows, details the company’s performance, including a 23% increase in gross premiums written and the successful launch of new distribution channels like Lloyd’s Syndicate 3123.
In the report, Burrows emphasizes the group’s disciplined approach to growth, stating:
“We focus on proactively managing and allocating capital to maintain our financial strength, drive profitable underwriting, and create value for our shareholders.”
The letter highlights how the group has successfully navigated the evolving risk landscape by leveraging its scale and capital strength.
To explore the full performance details and strategic outlook, read the complete 2024 Shareholder Letter here.
