Pelagos Insurance Capital Limited Common Shares
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About
Pelagos Insurance Capital Limited Common Shares (PLGO) is an insurance and reinsurance company that operates in Bermuda, the Republic of Ireland, and the United Kingdom. Incorporated in 2014 and headquartered in Pembroke, Bermuda, it was previously known as Fidelis Insurance Holdings Limited before changing its name to Pelagos Insurance Capital Limited in May 2026. The company is built around providing specialty insurance and reinsurance protection across several markets.
Pelagos runs its business through two segments. The Insurance segment offers a wide set of products, including property, marine, aviation and aerospace, energy, and cyber coverage. It also writes asset backed finance and portfolio credit risks, political risk, violence and terror cover, and other specialty insurance lines. This range gives the segment exposure to many different types of risk taken on by businesses and asset owners.
The Reinsurance segment serves other insurers by sharing in the risks they carry. It provides property reinsurance, retrocession, which is reinsurance purchased by reinsurers themselves, and whole account reinsurance solutions. Through this segment, Pelagos helps insurance companies manage their exposures and free up capacity to write additional business.
By combining direct insurance with reinsurance, Pelagos Insurance Capital Limited earns premiums across both primary and wholesale layers of the risk transfer market. Its operations in Bermuda, Ireland, and the United Kingdom place it within established centers for specialty and international underwriting. The breadth of lines, from marine and aviation to cyber and political risk, reflects a focus on specialty exposures rather than standard personal insurance products.