Bermudian-based insurance and reinsurance company Fidelis Insurance has appointed group chief risk officer Charles Mathias to its board.

Mr Mathias replaces Neil McConachie, who resigned as group chief financial officer and director earlier this year.

Richard Brindle, chairman of Fidelis, said: “Charles Mathias’s impact, as group chief risk officer at Fidelis, cannot be overstated.

“Our success is built on careful and expert assessment of risk, and Charles has demonstrated his broad knowledge and leadership in this regard. I am very pleased to welcome him to our board.”

Mr Mathias joined Fidelis in 2016 from Lancashire, where he was chief risk officer.

He was chief underwriting officer of the Lancashire’s Bermuda operation and group underwriting operations director.