Management ChangeMay 7, 2026, 04:19 PM
Fidelis Insurance Director Daniel Brand Resigns
AI Summary
Fidelis Insurance Holdings Ltd announced that Mr. Daniel Brand resigned from its Board of Directors and all associated committees on May 7, 2026. This resignation is linked to CVC's waiver of certain rights, including director designation and governance rights, under the Common Shareholders Agreement and the Company’s Bye-Laws, following a Share Repurchase.
Key Highlights
- Mr. Daniel Brand resigned as a member of Fidelis Insurance's Board of Directors on May 7, 2026.
- He also resigned from the Compensation Committee, Nominating and Corporate Governance Committee, and Investment Committee.
- The resignation is in connection with CVC's waiver of certain rights following a Share Repurchase.
- CVC waived rights including director designation, nomination, and appointment under the Common Shareholders Agreement and Company Bye-Laws.
Price Impact
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