Philip Vandoninck

Socium CEO Fidelis Insurance

Philip is the CEO of Fidelis’ Bermuda branch, as well as the CEO of Socium, which is Fidelis’ third party capital division. As the CEO of Socium Philip overseas all forms of risk transfer to third parties, whether on an ILS, rated quota share, cat bond or other structure type basis. Socium manages 50 partnership relationships and this over 31 classes of business part of the Fidelis portfolio, with third party capital sitting behind Fidelis’ property reinsurance, specialty and bespoke product pillars. In 2020, Fidelis sponsored two Herbie Re cat bond transactions totaling $400m of invested capital across both issuances.

Prior to being the Socium CEO, Philip was the head of International property reinsurance underwriting at Fidelis and this since Fidelis inaugurated in June of 2015.

Before Fidelis, Philip had a successful decade at Hiscox, starting in his native Belgium, moving to Hiscox’s syndicate 33 reinsurance division in London before travelling to Bermuda to be part of the team setting up Hiscox Bermuda in the wake of the 2005 US hurricane season. At Hiscox Bermuda Philip was the chair of international reinsurance, overseeing the international underwriting in the Bermuda, London and Paris offices.