Pelagos Insurance Capital Rebrands and Begins Trading
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 12 2026
0mins
Pelagos Insurance Capital, formerly Fidelis Insurance Holdings, announced it will begin trading on the New York Stock Exchange under its new name and ticker symbol "PLGO." This follows the Company's recent rebrand from Fidelis Insurance Group to Pelagos Insurance Capital, effective May 11, 2026, after shareholder approval at the Company's Annual General Meeting on April 28, 2026. The ticker symbol change from "FIHL" to "PLGO" reflects the Company's new brand identity.
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Analyst Views on FIHL
Wall Street analysts forecast FIHL stock price to rise
6 Analyst Rating
2 Buy
2 Hold
2 Sell
Hold
Current: 20.710
Low
18.00
Averages
21.17
High
24.00
Current: 20.710
Low
18.00
Averages
21.17
High
24.00
About FIHL
Fidelis Insurance Holdings Limited is a Bermuda-based insurance and reinsurance company. The Company is a holding company. Through its subsidiaries, it provides insurance and reinsurance. The Company classifies its business into two segments: The Insurance segment, and Reinsurance. The Insurance segment comprises a specialized portfolio of risks that include property, marine, asset backed finance & portfolio credit, aviation and aerospace, political risk, violence & terror, energy, cyber, and other insurance risks. The Insurance segment also includes a portfolio of aviation and aerospace, energy, marine, property, and others. The Reinsurance segment is primarily a residential property catastrophe book, which includes property and retro and whole account reinsurance. The subsidiaries of the Company are Fidelis Insurance Bermuda Limited (FIBL), Fidelis Underwriting Limited (FUL), Fidelis Insurance Ireland DAC (FIID), and FIHL (UK) Services Limited (FSL).
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Pelagos Insurance Capital to Report Q1 Financial Results on May 13
- Rebranding Initiative: Pelagos Insurance Capital, formerly Fidelis Insurance Holdings, officially rebranded on May 11, 2026, changing its ticker symbol to 'PLGO', which aims to enhance its market positioning in specialty insurance and reinsurance, potentially increasing brand recognition and competitive edge.
- Earnings Release Schedule: The company is set to release its Q1 2026 financial results after market close on May 13, 2026, followed by a conference call on May 14 at 9:00 AM ET, which is expected to attract investor interest and provide guidance for future performance.
- Investor Communication Channels: Financial results and webcast access will be available on the company’s website, with investors able to dial in for the teleconference, ensuring transparency and timeliness of information, thereby enhancing investor confidence and market participation.
- Market Adaptability: With a diversified portfolio and strong balance sheet, Pelagos Insurance Capital can flexibly adjust capital allocation in response to market changes, aiming to deliver superior returns for clients, brokers, and shareholders, further solidifying its leadership position in the industry.
See More
Company Rebrands as Pelagos Insurance Capital
- Rebranding Announcement: The company officially rebrands as Pelagos Insurance Capital effective May 11, 2026, marking a significant shift in its brand identity aimed at more clearly reflecting its positioning in the specialty insurance and reinsurance sectors.
- Ticker Symbol Change: Effective May 12, 2026, the company's ticker symbol will change from 'FIHL' to 'PLGO', a move expected to enhance market visibility and attract more investor interest.
- Earnings Release Schedule: Pelagos Insurance Capital plans to release its Q1 2026 financial results after market close on May 13, 2026, followed by an earnings call on May 14, 2026, which will strengthen communication with investors.
- Ongoing Commitment: While the company name is changing, its team, capital strength, and underwriting strategy remain unchanged, indicating a steadfast commitment to creating value for clients and shareholders.
See More
FIDELIS INSURANCE HOLDINGS LIMITED: BARCLAYS INCREASES TARGET PRICE FROM $19 TO $21
Company Overview: Fidelis Insurance Holdings Limited is a company involved in the insurance sector.
Target Price Update: Barclays has raised the target price for Fidelis Insurance Holdings Limited from $19 to $21.
See More
FIDELIS INSURANCE HOLDINGS LTD: UBS Increases Target Price to $25, Up from $24
Company Overview: Fidelis Insurance Holdings Ltd is a company involved in the insurance sector.
Target Price Increase: UBS has raised the target price for Fidelis Insurance Holdings from $24 to $25.
See More
Fidelis Insurance Group Files Annual Report with SEC
- Annual Report Filing: Fidelis Insurance Group has filed its Form 20-F annual report for the year ended December 31, 2025, with the SEC, showcasing the company's commitment to financial transparency and compliance, which enhances investor confidence.
- Financial Strength Ratings: The company has received an A rating from AM Best, an A- from S&P, and an A3 from Moody's, reflecting its financial robustness and risk management capabilities in the insurance market, which helps attract more investors.
- Rebranding Initiative: Fidelis plans to rebrand as Pelagos Insurance Capital in 2026, aiming to enhance market recognition and customer trust through a new brand identity, thereby driving business growth.
- Shareholder Information Access: Shareholders can request a hard copy of the 20-F report, which includes complete audited financial statements, free of charge, demonstrating the company's commitment to transparency and strengthening shareholder relations.
See More
Fidelis Insurance to Repurchase Shares from CVC for $163.35M
- Repurchase Plan: Fidelis Insurance will repurchase 8.6 million common shares from CVC Falcon Holdings Limited at $19.00 per share for a total of $163.35 million, which will eliminate CVC's ownership interest entirely, enhancing the company's independence.
- Shareholder Structure Change: Following the completion of this buyback, CVC will no longer hold any ownership in Fidelis Insurance Group, marking a significant shift in the company's shareholder structure that could impact future strategic decisions and market confidence.
- Market Reaction Expectations: Analysts have downgraded Fidelis Insurance's rating to 'Underweight' at J.P. Morgan, which may negatively affect investor sentiment, although the repurchase plan aims to enhance earnings per share and shareholder value.
- Financial Impact: This buyback will reduce the number of shares outstanding, expected to positively impact earnings per share; while there may be market volatility in the short term, it is anticipated to enhance the company's overall valuation in the long run.
See More
Pelagos Insurance Capital to Report Q1 Financial Results on May 13
- Rebranding Initiative: Pelagos Insurance Capital, formerly Fidelis Insurance Holdings, officially rebranded on May 11, 2026, changing its ticker symbol to 'PLGO', which aims to enhance its market positioning in specialty insurance and reinsurance, potentially increasing brand recognition and competitive edge.
- Earnings Release Schedule: The company is set to release its Q1 2026 financial results after market close on May 13, 2026, followed by a conference call on May 14 at 9:00 AM ET, which is expected to attract investor interest and provide guidance for future performance.
- Investor Communication Channels: Financial results and webcast access will be available on the company’s website, with investors able to dial in for the teleconference, ensuring transparency and timeliness of information, thereby enhancing investor confidence and market participation.
- Market Adaptability: With a diversified portfolio and strong balance sheet, Pelagos Insurance Capital can flexibly adjust capital allocation in response to market changes, aiming to deliver superior returns for clients, brokers, and shareholders, further solidifying its leadership position in the industry.
See More
Company Rebrands as Pelagos Insurance Capital
- Rebranding Announcement: The company officially rebrands as Pelagos Insurance Capital effective May 11, 2026, marking a significant shift in its brand identity aimed at more clearly reflecting its positioning in the specialty insurance and reinsurance sectors.
- Ticker Symbol Change: Effective May 12, 2026, the company's ticker symbol will change from 'FIHL' to 'PLGO', a move expected to enhance market visibility and attract more investor interest.
- Earnings Release Schedule: Pelagos Insurance Capital plans to release its Q1 2026 financial results after market close on May 13, 2026, followed by an earnings call on May 14, 2026, which will strengthen communication with investors.
- Ongoing Commitment: While the company name is changing, its team, capital strength, and underwriting strategy remain unchanged, indicating a steadfast commitment to creating value for clients and shareholders.
See More
FIDELIS INSURANCE HOLDINGS LIMITED: BARCLAYS INCREASES TARGET PRICE FROM $19 TO $21
Company Overview: Fidelis Insurance Holdings Limited is a company involved in the insurance sector.
Target Price Update: Barclays has raised the target price for Fidelis Insurance Holdings Limited from $19 to $21.
See More
FIDELIS INSURANCE HOLDINGS LTD: UBS Increases Target Price to $25, Up from $24
Company Overview: Fidelis Insurance Holdings Ltd is a company involved in the insurance sector.
Target Price Increase: UBS has raised the target price for Fidelis Insurance Holdings from $24 to $25.
See More
Fidelis Insurance Group Files Annual Report with SEC
- Annual Report Filing: Fidelis Insurance Group has filed its Form 20-F annual report for the year ended December 31, 2025, with the SEC, showcasing the company's commitment to financial transparency and compliance, which enhances investor confidence.
- Financial Strength Ratings: The company has received an A rating from AM Best, an A- from S&P, and an A3 from Moody's, reflecting its financial robustness and risk management capabilities in the insurance market, which helps attract more investors.
- Rebranding Initiative: Fidelis plans to rebrand as Pelagos Insurance Capital in 2026, aiming to enhance market recognition and customer trust through a new brand identity, thereby driving business growth.
- Shareholder Information Access: Shareholders can request a hard copy of the 20-F report, which includes complete audited financial statements, free of charge, demonstrating the company's commitment to transparency and strengthening shareholder relations.
See More
Fidelis Insurance to Repurchase Shares from CVC for $163.35M
- Repurchase Plan: Fidelis Insurance will repurchase 8.6 million common shares from CVC Falcon Holdings Limited at $19.00 per share for a total of $163.35 million, which will eliminate CVC's ownership interest entirely, enhancing the company's independence.
- Shareholder Structure Change: Following the completion of this buyback, CVC will no longer hold any ownership in Fidelis Insurance Group, marking a significant shift in the company's shareholder structure that could impact future strategic decisions and market confidence.
- Market Reaction Expectations: Analysts have downgraded Fidelis Insurance's rating to 'Underweight' at J.P. Morgan, which may negatively affect investor sentiment, although the repurchase plan aims to enhance earnings per share and shareholder value.
- Financial Impact: This buyback will reduce the number of shares outstanding, expected to positively impact earnings per share; while there may be market volatility in the short term, it is anticipated to enhance the company's overall valuation in the long run.
See More
