The Fidelis Partnership has transferred its primary European entity from Brussels to Dublin, reflecting its increasing investment in Ireland.

The firm expects to write approximately $800 million in premium this year.

Dublin will be the hub through which TFP will access the European market.

Over the past year, TFP has grown its Dublin headcount to more than 80 people, with recent hires such as Paul Hendrix, an underwriter; and Michelle Raine, a senior director and facultative underwriter.

TFP is also championing emerging local talent through its annual scholarship programme with the University of Limerick and its internship programme with Queen’s University Belfast.

Dublin is now a key centre for the group’s technology, data analytics and actuarial teams. Drawing on the support of Robert Troy, Ireland’s Minister of State at the Department of Finance, TFP is also spearheading a working group of speciality insurance chief executives to position Dublin as a European hub for speciality insurance.

Rob Kelly, Ireland CEO at The Fidelis Partnership, said TFP is delighted to be playing a leading role in the development of Dublin as a globally-recognised European insurance hub.

Mr Kelly said: “Ireland has already established itself as a centre of excellence for technology and we are excited by the opportunities to continue building its profile as a destination of choice for insurance business, particularly across speciality lines.”

Conor O’Riordan, group chief financial officer at TFP, added: “The decision to relocate our European headquarters to Dublin reflects the momentum we have built in Ireland, since opening our Dublin office in 2018 and our ongoing investment in local talent, operations and technology.”

He saw huge potential for Ireland to accelerate as the engine room for European speciality insurance.

Jack Chambers, Ireland’s Minister of State for Public Expenditure, Infrastructure, Public Services, Reform and Digitalisation, said Ireland has rapidly transformed into an internationally-competitive home for global reinsurance capital.

He said: “Through meaningful regulatory reform, outstanding educational connections and access to the EU single market, Ireland has established distinct advantages as a hub for business and for exceptional talent.”