Fidelis is expanding its footprint in the Lloyd’s market

The Fidelis Partnership (TFP) has announced the launch of Syndicate 2126 with backing from Blackstone, expanding its footprint in the Lloyd’s of London market just 18 months after entering.

The new syndicate followed in-principle approval from Lloyd’s and will be managed alongside Fidelis’ existing Syndicate 3123.

Blackstone has committed dedicated three-year capacity to back the new syndicate, which is targeting $300m (£228m) of premium in its first year.

Syndicate 2126 will write across property, speciality and bespoke lines, including business reinsured through its Pine Walk MGA platform.

Peter Welton was named Active Underwriter of Syndicate 2126, subject to regulatory approval.

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