Fidelis Insurance, a newly launched, Bermuda-based specialty insurer backed by $1.5B in private funding, is working with Stanton PR & Marketing for communications support in the US.

Managing director Tom Faust reps Fidelis at Stanton, while Haggie Partners handles communications in the UK from London.

Fidelis officially launched on June 9 led by UK-based Lancashire Holdings architects Richard Brindle and Neil McConachie. The execs said Fidelis plans to shift capital and risk between insurance and hedge funds to mitigate market volatility.

Private equity firms Crestview Partners, CVC Capital Partners and Pine Brook contributed $650M to Fidelis, with the balance raised by Goldman Sachs from individual investors, family offices and institutional investors, the company said.

Fidelis said its insurance and reinsurance business is primarily focused on property, energy, marine and aviation.