The Fidelis Partnership (TFP), a privately owned, Bermuda-domiciled managing general underwriter, has appointed Peter Welton as its new Head of Specialty.

In the role, Welton will report to John-Paul O’Hare, TFP’s Director of Underwriting.

He takes on responsibility for supporting the continued growth of TFP’s leading specialty offering focusing on aviation, space and energy re/insurance lines, and growing the renewables book.

Most recently, he served at AXA XL as the Chief Underwriting Officer for Marine, Energy and Aerospace, UK & Lloyd’s.

Welton has previously held roles including UK Head of Downstream Energy & Power Generation at XL Catlin. He brings a wealth of specialist market expertise to his new role and over twenty years of experience in the specialty insurance markets.

O’Hare commented on the appointment, “We’re delighted to welcome Peter aboard as we continue to build out our market-leading specialty book. At a time of increasing risk complexity and volatility, the need for nimble, innovative and high-conviction underwriting has never been more important.

“Peter’s impressive track record, his industry reputation and deep sector specialist expertise will further enhance TFP’s underwriting leadership as we build upon our 40-year heritage of underwriting outperformance.”

Welton added, “It’s a pleasure to be joining the team at TFP, whose reputation for pioneering leadership and creative underwriting showcase the speciality insurance market at its entrepreneurial best.

“As the business continues to set new standards for underwriting innovation and to grow its proposition across specialty lines, this is a hugely exciting time to be stepping aboard.”

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