The Fidelis Partnership is launching a consortium targeting risks associated with the construction of artificial intelligence data centres.

With estimates suggesting that the AI data centre market could rapidly represent billions annually in new premium, the consortium will target excess layers in construction risk where there is a lack of capacity in the market at present to support increasing demand.

In addition to the new capacity provided by the consortium, using its risk allocator model, The Fidelis Partnership has also collaborated with existing capacity partners, Fidelis Insurance Group and Fidelis Syndicate 3123, to build an overall consortium capacity of $250 million for these risks.

From January 1, 2026, the partnership will be looking to add further capacity from its new Blackstone-backed Syndicate 2126.

The partnership said that, together with the consortium, this represented meaningful new capacity for the market and showcased continued commitment to providing market leadership.

The firm’s British-based chief underwriting officer, Michael Davern, said it was pleased to be leading this consortium at such a critical moment in the proliferation of AI data centres.

“The number and size of AI data centres is growing at pace, and it is essential that the right insurance capacity is available to support the construction of what are high-complexity and high-value projects,” he said. “Once again, [The Fidelis Partnership] has acted with speed and leadership to unlock capacity where the market needs it most.”