Pelagos Insurance Capital Ltd (PLGO) reported that its Chief Risk Officer, Michael Justin Pearson, acquired 10,000 common shares in a grant/award transaction on October 13, 2026. The reported transaction price was $0.0000 per share. His direct holdings after the transaction were 214,568 shares, including 84,103 restricted share units subject to time-based vesting conditions; each RSU represents a contingent right to receive one common share upon vesting.
Pelagos Insurance Capital Ltd (PLGO) lists director Davern Michael Elliot as directly holding 5,369 common shares on September 14, 2026. The shares have a stated par value of $0.01 per share.
Pelagos Insurance Capital Ltd (PLGO) reports that, following the earlier resignation of Charles Mathias as a director and member of the Risk and Investment Committees, The Fidelis Partnership has designated Michael Davern as its new Board designee under the Company’s Bye-Laws.
On September 14, 2026 the Nominations and Corporate Governance Committee appointed Mr. Davern as a director to serve the remainder of the Class I term expiring at the 2027 annual general meeting, and as a member of the Board’s Risk Committee and Investment Committee, effective immediately. He brings extensive actuarial, underwriting, and executive leadership experience in the insurance industry and will receive the same compensation as other non-executive directors, which will be paid directly to The Fidelis Partnership. The report is also incorporated by reference into the Company’s existing Form S-8 and Form F-3 registration statements.
Pine Brook Road Advisors and affiliated entities report beneficial ownership of Pelagos Insurance Capital Ltd Common Shares on a Schedule 13G/A. As of June 30, 2026, the group may be deemed to beneficially own 5,769,921 Common Shares, representing approximately 7% of Pelagos’s outstanding Common Shares. These shares are held for the account of Pine Brook Feal Intermediate, L.P., with PBRA (Cayman) Company and PBRA, LLC serving as general partners to PBFI and Advisors, respectively, and Howard H. Newman as managing member of PBRA, LLC. The Reporting Persons have shared voting and dispositive power over all 5,769,921 shares and no sole voting or dispositive power.
Pelagos Insurance Capital Limited reported a return to strong profitability for the six months ended June 30, 2026. Net income was $152.4 million, or $1.71 per diluted share, compared with a loss in the prior-year period. Gross premiums written grew to $3.14 billion, up 6.6% year over year.
The underwriting result improved markedly: the combined ratio fell to 93.1% from 110.1%, driven by lower catastrophe and large losses, favorable prior-year reserve development of $35.8 million, and a much stronger Reinsurance segment loss ratio. Annualized Operating ROAE rose to 10.1% from negative 2.6%.
Book value per diluted common share reached $26.56 at June 30, 2026, a 9.1% increase including dividends since December 31, 2025. Capital management was active, with $305.3 million returned to common shareholders in the first half through share repurchases and dividends, while total assets increased to $13.99 billion.
Pelagos Insurance Capital Ltd received an updated ownership report from investor Leon G. Cooperman. As of August 4, 2026, he may be deemed the beneficial owner of 8,563,582 Common Shares, representing 10.0% of the company’s outstanding Common Shares, based on 85,496,757 shares outstanding as of March 31, 2026. The position includes shares held through Omega Capital Partners, L.P., several individual retirement accounts for Cooperman and family members, and a UTMA account, over which he has sole voting and dispositive power.
Pelagos Insurance Capital Ltd has an updated ownership report showing that investor Leon G. Cooperman may be deemed the beneficial owner of 8,511,411 Common Shares as of June 30, 2026. This position represents 9.9% of the outstanding Common Shares, based on 85,496,757 shares outstanding as of March 31, 2026.
The holding consists of shares held through multiple Cooperman-related accounts, including a family limited partnership, individual retirement accounts, and a UTMA account. All 8,511,411 shares are reported as having sole voting and dispositive power, with no shared voting or dispositive authority.
Pelagos Insurance Capital Ltd has a significant shareholder, SPFM Holdings, LLC, whose ultimate parent is The Travelers Companies, Inc. The filing reports that SPFM and Travelers beneficially own 5,808,231 common shares of Pelagos Insurance Capital Ltd, representing 7.02% of the outstanding common shares.
SPFM and Travelers report sole voting power and sole dispositive power over all 5,808,231 shares, with no shared voting or dispositive power. Both entities are U.S.-organized (SPFM in Delaware and Travelers in Minnesota), and the ownership is certified by a corporate secretary of Travelers.
Pelagos Insurance Capital Limited announced that its Board of Directors has approved and declared a quarterly dividend of $0.15 per common share. The dividend is payable on September 25, 2026 to common shareholders of record as of September 14, 2026.
The company describes itself as an expert capital allocator and risk selector in specialty insurance and reinsurance, operating through a diversified portfolio and network of specialist underwriting partners. It also notes that statements about dividend timing, capital returns and strategy are forward-looking and subject to risks outlined in its Annual Report on Form 20-F for the year ended December 31, 2025.
Pelagos Insurance Capital Limited reports that director Charles Mathias has notified the Board of his intention to resign as a director and as a member of the Board’s Risk Committee and Investment Committee, effective August 2, 2026.
Mathias was nominated by TFP Intermediate Holdings II Limited, known as The Fidelis Partnership, under its nomination right in Bye-Law 54.3(a)(iv). Under Bye-Law 54.3(c), The Fidelis Partnership is entitled to designate a successor to serve the remainder of his term. The report is incorporated by reference into Pelagos Insurance’s existing Form S-8 and Form F-3 registration statements in the United States.