Brindle hails ‘extraordinary’ growth at Fidelis Partnership
Chief executive officer Richard Brindle hailed a year of “extraordinary” organic growth, as specialty underwriter The Fidelis Partnership recorded $5.4 billion of written premium across all capacity providers in 2025.
Revenue growth for the group was 10 per cent, while earnings before interest, taxes, depreciation and amortisation (Ebitda) was more than $400 million.
TFP underwrites through Fidelis Underwriting and Pine Walk, its managing general agency platform, and forms partnerships with multiple capital providers.
The Fidelis Insurance Group, which is headquartered in Bermuda, is its largest capital partner. Fidelis also has offices London, Dublin, Abu Dhabi, New York and Miami.
Success at Lloyd’s was at the heart of TFP’s success last year.
“Our organic growth has been extraordinary,” Mr Brindle said. “Since 2024 it has been supplemented by our return to Lloyd’s with the launch of Syndicate 3123, which today is one of the largest Names-backed syndicates.
“In addition, we have successfully launched a second syndicate, Syndicate 2126, in partnership with Blackstone on a multiyear basis.
“We have raised third-party capital to support $1.3 billion of premium between our syndicates in 2026 and it’s only the beginning of an exciting journey ahead as we capitalise on the Lloyd’s rating, global licensing and distribution to support profitable growth.”
TFP’s strong performance last year was down to its team’s response to “the critical need for high-conviction, creative underwriting in today’s complex risk landscape”.
One example was TFP’s participation in a Data Centre Construction Consortium with over $250 million of capacity contributing to a cross-class TFP Data Centre line size of $1.6 billion, as well as consortia across casualty, aviation financing, satellite pre-launch, specialty reinsurance, space, asset-backed finance and contingency, TFP stated.
The Fidelis Foundation now supports over 40 charities across TFP’s international locations, as 1 per cent of annual Ebitda was contributed to the charitable arm in 2025.
“We have also meaningfully scaled and diversified TFP’s global presence through our differentiated distribution strategy and the launch of five new Pine Walk MGAs across multiple markets and geographies,” Mr Brindle said.
“At its heart, TFP is a business that moves fast, solves problems dynamically, and embraces uncertainty to help clients navigate a world that is more complex than ever. Backed by this unwavering philosophy and the industry’s brightest talent, we are excited to build on our remarkable momentum in 2026.”
