Fidelis Partnership Middle East GWP totals $88 million in unit's first year of operations

May 29 - (The Insurer) - The Fidelis Partnership (TFP) on Wednesday said Fidelis MEASA, its Middle East operation, delivered $88 million in gross written premium (GWP) in its first year.

The contribution helped push the underwriter’s group-wide GWP to $4.6 billion in 2024, the company said. Fidelis MEASA’s performance highlights region’s importance in TFP’s global BRICs+ strategy.

Fidelis MEASA’s executive chairman Matthew Warren said the growth in Abu Dhabi is a testament to how entrepreneurial energy and a relationship-driven strategy can deliver outsized impact.

“With enormous investment and ambition underpinning economic growth across the Middle East, local projects will increasingly depend upon sophisticated risk transfer for their success and viability.”

Youssef Al Kareh, CEO and chief underwriting officer of Fidelis MEASA, said TFP’s nontraditional structure enabled it to bring “unique product offerings and dynamic risk solutions” to regional markets.

The company said the Abu Dhabi office would remain central to its expansion strategy in the region and across other BRICs+ markets.