A.M. Best Company

06/16/2025 | Press release | Distributed by Public on 06/16/2025 08:02

AM Best Assigns Issue Credit Rating to Fidelis Insurance Holdings Limited Subordinated Notes

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JUNE 16, 2025 09:55 AM (EDT)

AM Best Assigns Issue Credit Rating to Fidelis Insurance Holdings Limited Subordinated Notes

CONTACTS:

Antonieta Iachetta
Associate Director
+1 908 882 1901
antonietta.iachetta@ambest.com

Guilherme Monteiro Simoes, CFA
Senior Financial Analyst
+1 908 882 2317
guy.simoes@ambest.com
Christopher Sharkey
Associate Director, Public Relations
+1 908 882 2310
christopher.sharkey@ambest.com

Al Slavin
Senior Public Relations Specialist
+1 908 882 2318
al.slavin@ambest.com

FOR IMMEDIATE RELEASE

OLDWICK - JUNE 16, 2025 09:55 AM (EDT)
AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of "bbb-" (Good) to $400 million 7.75% fixed rate subordinated notes, due June 15, 2055 issued by Fidelis Insurance Holdings Limited (Fidelis) (Bermuda). The outlook assigned to this Credit Rating (rating) is stable. The existing ratings of Fidelis and its subsidiaries are unchanged.

The release relates to the previously assigned indicative Long-Term IR of this note which has been withdrawn. Fidelis intends to use proceeds of this issue to repay outstanding preference shares, while the remainder will be used for general corporate purposes.

This press release relates to Credit Ratings that have been published on AM Best's website. For all rating information relating to the release and pertinent disclosures, including details of the office responsible for issuing each of the individual ratings referenced in this release, please see AM Best's Recent Rating Activity web page. For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best's Credit Ratings. For information on the proper use of Best's Credit Ratings, Best's Performance Assessments, Best's Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best's Ratings & Assessments.

AM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City.

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