​The Fidelis Partnership launches new Syndicate worth $300m in GWP

The Fidelis Partnership (TFP) has announced the launch of Syndicate 2126 in partnership with funds managed by Blackstone following in-principle approval from Lloyd’s.

The Syndicate will write across a number of property, specialty and bespoke lines, including through the Pine Walk MGA platform and reinsurance of existing TFP group business.

It will launch with dedicated three-year capacity from Blackstone, which will also be responsible for asset management.

Qasim Abbas, head of tactical opportunities international at Blackstone, said: “We have been impressed by TFP’s clear focus on underwriting excellence and sustainable growth.

”We believe the Lloyd’s market offers an opportunity to deliver strong and uncorrelated returns, complementing our wider asset portfolio.”

GWP growth

Alongside TFP’s existing Syndicate 3123, which is expected to write $1bn of gross written premiums (GWP), Syndicate 2126 is expected to write $300m in GWP.

Combined, TFP plans to write over $1.3bn in total in 2026 across the two Syndicates.

Richard Brindle, chairman and group chief executive at TFP, said: “When we launched Syndicate 3123, we said TFP would be bringing underwriting leadership and innovation to Lloyd’s.

”We’ve done this and I’m delighted to now be announcing our partnership with Blackstone to launch Syndicate 2126. In 2026 we’ll become one of the largest players in Lloyd’s from a standing start circa 18 months ago – this is a remarkable achievement.

“Our expanding Lloyd’s presence complements our cornerstone relationship with Fidelis Insurance Group as we continue to grow at pace while delivering strong returns for our capital providers.”