Fidelis MEASA, the Middle Eastern operation of The Fidelis Partnership (TFP) has delivered Gross Written Premiums (GWP) of $88m after one year of its establishment, serving the regional and international markets.
The amount represents a significant contribution to the growth of TFP’s group-wide GWP to $4.6bn in 2024.
In a statement, Bermuda-headquartered TFP said, “Since opening its Abu Dhabi Global Market (ADGM) office, Fidelis MEASA has played a key role in strengthening TFP’s presence and relationships across these high-growth markets, highlighting the region’s central importance to the acceleration of its group-wide BRICs+ strategy.”
Mr Matthew Warren, executive chairman of Fidelis MEASA, commented, “The growth of our Abu Dhabi operations over the past 12 months is a testament to how entrepreneurial energy and 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. Against this backdrop, TFP’s commitment to deep collaboration, long-term partnership and supporting the indigenisation of specialty and bespoke insurance knowledge, has been central to our success in this region from Day One.”
Mr Youssef Al Kareh, CEO and CUO of Fidelis MEASA, said, “The momentum that we have built in the Abu Dhabi Global Market office since entering the market a year ago reflects the business’s enormous potential for expansion across the region and other BRICs+ markets, as well as the central role that the Abu Dhabi office will play in the long-term success of this strategy.”