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Synopsis
Abu Dhabi Investment Authority, a UAE sovereign wealth fund, completed a $300m investment in Fidelis Insurance Holdings, an insurance and reinsurance business. "The capital raise in addition to the accumulated profits from 2019 position Fidelis excellently for the increasingly positive market conditions, particularly in certain specialty and reinsurance segments, and will give Fidelis capacity for growth and greater influence in its chosen markets," Richard Brindle, Fidelis Chairman and Group CEO.
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