Fidelis Partnership Launches PVT Consortium to Address Global Capacity Demand Amid Middle East Conflict
The Fidelis Partnership, a Bermuda-based managing general agent, has announced the formation of the TFP PVT Consortium. This initiative aims to address the rising demand for capacity in the war, terror, and political violence (WTPV) market, which has been significantly disrupted by ongoing conflicts in the Middle East. The consortium, placed by Guy Carpenter, includes leading Lloyd’s syndicates such as Argenta and Fidelis’s own syndicates, 3123 and 2126. It is designed to provide substantial capacity, with the ability to deploy up to $47.5 million per risk in the Middle East and up to $345 million per risk globally. The consortium is structured to leverage TFP’s geopolitical expertise and underwriting leadership, offering clients structured capacity solutions in a market where demand is acute and supply is contracting.