Andrew Anderson's questions to Fidelis Insurance Holdings Ltd (FIHL) leadership • Q2 2025
Question
Andrew Anderson of Jefferies followed up on the tax discussion, asking about potential offsetting credits from Bermuda tax law changes. He also questioned the sensitivity of the asset-backed finance and credit portfolio to interest rates.
Answer
CFO Alan Declare stated that no offsetting tax credits can be recorded until Bermuda tax law is officially passed. Group Managing Director Johnny Strickle and CEO Dan Burrows addressed the credit portfolio, explaining it is highly diversified and has proven resilient through both the recent interest rate shock and the COVID-19 pandemic, with daily underwriting calls allowing for real-time pricing adjustments.