Fidelis Insurance Bermuda Limited (Cr) (Tennessee): Overview, Contacts, Services, Claims, Financials, Careers and Benefits.

Fidelis Insurance Bermuda Limited (Cr) (Tennessee) is an insurance company based in Bermuda. It sells different types of property and casualty insurance in the United States.

The company can do business in Tennessee and other states because it has the necessary licenses.

An image illustration of Fidelis Insurance Bermuda Limited (Cr) (Tennessee)
The company’s claims team collaborates with customers to collect essential information and expedite the claims process. [Photo: LinkedIn]

Fidelis Insurance Bermuda Limited (Cr) (Tennessee)

The company is part of Fidelis Insurance Holdings Limited, a Bermuda-based holding company. This parent company also owns Fidelis Insurance Company of New York, which is a licensed insurance carrier in New York State.

A.M. Best, a top insurance rating agency, gives Fidelis Insurance Bermuda Limited (Cr) (Tennessee) a rating of “A-” (Excellent).

Contact Details

Contact Type Details
Email bermuda@fidelisinsurance.com
Phone +1 441 279 2590
Address Waterloo House 100 Pitts Bay Road HAMILTON, Pembroke, HM 8 Bermuda

You can also visit their website at www.fidelisinsurance.com for more information.

Services And Products

Fidelis Insurance Bermuda Limited (Cr) (Tennessee) operates as a Bermuda-based insurance company, offering a broad range of property and casualty insurance products and services to cater to its customers’ diverse needs.

Services

Fidelis Insurance Bermuda Limited (Cr) (Tennessee) delivers the following services:

  • Claims administration
  • Risk management
  • Loss control
  • Policy review

Products

The company provides the following insurance products:

Commercial property insurance

Protecting businesses from property damage and losses due to fire, wind, hail, and other perils.

Commercial Liability Insurance

Safeguarding businesses from lawsuits arising from bodily injury or property damage to third parties.

Professional Liability Insurance

Shielding professionals like doctors, lawyers, and accountants from lawsuits alleging malpractice.

Personal Property Insurance

Securing homeowners and renters from property damage and losses caused by fire, wind, hail, and other perils.

Personal Liability Insurance

Protecting homeowners and renters from lawsuits arising from bodily injury or property damage to third parties.

Catastrophe Bonds

A form of security transferring the risk of natural disasters from insurance companies to investors.

Reinsurance

A type of insurance that insurance companies acquire to shield themselves from significant losses.

Fidelis Insurance Bermuda Limited (Cr) (Tennessee) is dedicated to delivering top-quality insurance products and services.

The company boasts a team of experienced professionals committed to assisting customers in selecting the right insurance solutions and providing exceptional service.

Financial Details and Ratings

Financial Details

In 2021, Fidelis Insurance Bermuda Limited (Cr) (Tennessee) recorded gross written premiums of $1.32 billion.

The company’s underwriting profitability, measured by the combined ratio, stood at 99.7% for the same year.

This implies that, for every $1 in premiums earned, the company disbursed $0.99 in claims and expenses.

With a robust financial standing, Fidelis Insurance Bermuda Limited (Cr) (Tennessee) concluded 2021 with a total capitalization of $1.5 billion.

The company’s leverage ratio, gauging debt relative to equity, was 0.15 as of the year’s end.

Ratings

Major credit rating agencies have assigned the following ratings to Fidelis Insurance Bermuda Limited (Cr) (Tennessee):

  • A.M. Best: A- (Excellent)
  • Standard & Poor’s: A- (Excellent)
  • Moody’s: A3 (Excellent)

These ratings affirm that the company maintains strong financial strength and is capable of meeting its financial obligations.

Claims Processing and Cancellations

Claims Processing

At Fidelis Insurance, a dedicated claims team takes charge of processing and managing claims. The company has streamlined its claims process to ensure efficiency and customer satisfaction.

Customers can initiate a claim by reaching out to Fidelis Insurance Bermuda Limited (Cr) (Tennessee) through phone, email, or online channels.

The company’s claims team collaborates with customers to collect essential information and expedite the claims process.

Fidelis Insurance Bermuda Limited (Cr) (Tennessee) provides various claims services, including:

  • 24/7 claims reporting
  • Emergency claims service
  • On-site claims adjusters
  • Loss control services
  • Subrogation services

Cancellations

The company reserves the right to cancel an insurance policy for several reasons, such as non-payment of premiums, fraud, material misrepresentation, breach of policy terms, or violation of state law.

In the event of a policy cancellation, the company notifies the policyholder in writing.

The policyholder is then granted a specified period to either cancel the policy or secure new coverage.

Image Illustration of Fidelis Insurance
Whether you’re a recent college graduate or a seasoned professional, the company may have a fitting career opportunity for you.

Career Opportunities and Internships

Career Opportunities

The company actively seeks qualified individuals for a range of career opportunities.

The company is on the lookout for talented and motivated individuals to join its team and contribute to achieving its mission of providing customers with top-notch insurance products and services.

Opportunities span across various areas, including:

  • Underwriting
  • Claims
  • Risk management
  • Loss control
  • Finance
  • Accounting
  • IT
  • Human resources
  • Marketing
  • Sales

The company welcomes individuals with diverse skills and experience levels.

Whether you’re a recent college graduate or a seasoned professional, the company may have a fitting career opportunity for you.

Internships

The company also extends internship opportunities to college students and recent graduates.

These internships are crafted to offer participants real-world experience within the insurance industry.

Positions are available in areas such as underwriting, claims, risk management, loss control, finance, accounting, IT, human resources, marketing, and sales.

To apply for a career opportunity or internship at the company, visit the company’s website.

Customer Views

Opinions about the company vary among customers. Some commend the company for its prompt claims service and reasonable pricing.

On the flip side, others express dissatisfaction with prolonged claims processing times and challenges in reaching customer service.

Benefits Offered by Fidelis Insurance Bermuda

  • Competitive Rates: The company provides customers with competitive rates on its insurance products.
  • Wide Range of Products and Services: Customers benefit from a diverse selection of property and casualty insurance products and services tailored to their needs.
  • Financial Strength: The company stands out as a financially robust company, boasting a strong history of promptly settling claims.
  • Responsive Claims Service: The company is recognized for its swift and efficient claims service, ensuring a responsive experience for customers.
  • Customer-Friendly Policies: The company offers policies designed with customers in mind, featuring easy payment options and flexible cancellation policies.

Additional Benefits:

  • Discounts: Enjoy various discounts, including those for multiple policies, bundled policies, and upfront payments.
  • Payment Options: Choose from flexible payment plans, including monthly, quarterly, and semi-annual options.
  • Cancellation Policies: Experience the convenience of flexible cancellation policies.
  • 24/7 Customer Service: Access round-the-clock customer service for assistance and support.

Spread the love