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Fidelis Insurance takes equity stake in Firestone Surety

Fidelis Insurance Bermuda Ltd. has taken an equity stake in managing general agent Firestone Surety Ltd. and will be providing underwriting capacity.

Firestone Surety will be run by Andy Ray and will focus on the small and medium-sized enterprises sector of the surety market. It will be managed through Pine Walk Capital Ltd., Fidelis' subsidiary managing general agent platform.