Pelagos Insurance Capital Limited, formerly Fidelis Insurance Holdings Limited, is a capital allocator and risk selector in specialty insurance and reinsurance. It provides strategic capital and specialist underwriting expertise. Its insurance products include Asset-Backed Finance & Portfolio Credit, Aviation & Aerospace, Cyber, Energy, Marine, Specialty Insurance, Political Risk, Violence & Terror, Property. Its reinsurance products include Reinsurance & Retro. Its Asset-Backed Finance & Portfolio Credit portfolio includes products such as structured credit, asset-backed nonpayment, economically linked risk (e-cat), surety, and mortgage indemnity. Its Reinsurance & Retrocession division offers quota share and excess of loss solutions across property and specialty lines, spanning both reinsurance and retrocession markets. Its global portfolio supports cedants in North American and international markets, providing direct reinsurance, retrocession capacity, and others.