Fidelis GPW grows to $4.6bn as insurer celebrates 10-year anniversary



The Fidelis Partnership and Fidelis Insurance Group celebrate the 10-year anniversary of Fidelis’ launch, highlighting its growth and key achievements over the past decade, including Fidelis Insurance Group’s increase in Gross Premiums Written from $102 million in 2015 to $4.6 billion in 2025.

Fidelis Insurance GroupFounded by Richard Brindle, Fidelis began underwriting in 2015. In 2023, the company completed a strategic bifurcation into two distinct entities: The Fidelis Partnership, led by Brindle, and Fidelis Insurance Group, led by Dan Burrows, which began trading on the NYSE later that year.

Although they operate as separate entities, the two companies continue to collaborate closely on a day-to-day basis.

Fidelis Insurance Group is a global specialty insurer that leverages strategic partnerships to deliver tailored insurance solutions. The Fidelis Partnership is a privately owned Managing General Underwriter, with offices in Bermuda, London, Dublin, Brussels, and Abu Dhabi, as well as a growing portfolio of specialist MGAs through its Pine Walk platform.

Key achievements highlighted by Fidelis include expanding its business lines from 43 in 2017 to over 100 today.

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The company completed its bifurcation and the initial public offering of Fidelis Insurance Group in 2023.

In 2024, The Fidelis Partnership established Syndicate 3123 in collaboration with Fidelis Insurance Group, writing $0.2 billion of Gross Premiums Written in its first six months.

The Pine Walk platform, launched in 2017 as a sole subsidiary of The Fidelis Partnership, now comprises 13 MGAs and grew to $0.9 billion of GPW in 2024.

Fidelis Insurance Group also returned over $185 million of capital to common shareholders through share repurchase and dividend programmes initiated through 2025.

Brindle commented, “At this significant milestone for both businesses, we are delighted to be celebrating a decade of sustained growth and outstanding underwriting performance through the cycle, while also recognising the passion, hard work and willingness to innovate that have made this possible.

“In the past year alone, TFP has successfully undertaken a number of key strategic initiatives, including completing a landmark $2bn refinancing transaction, a very strong first year of trading for our Lloyd’s Syndicate, growing our market-leading Pine Walk platform to 13 MGAs, and the launch of an Abu Dhabi office as part of our BRICs+ strategy. Additionally, The Fidelis Foundation has donated over $7 million to charity partners since 2021.

“While positioning us strongly for future growth, this momentum has been built upon an unwavering commitment to meeting the evolving needs of our clients and broker partners through nimble, creative and cutting-edge underwriting solutions.

“In an increasingly dynamic and multipolar world, we believe that TFP’s underwriting pedigree, best-in- class talent and market leadership showcase the specialty insurance market at its entrepreneurial best. We are proud to be at the forefront of this industry and excited for the next chapter of growth.”

Burrows added, “I am proud to celebrate this important milestone for Fidelis and reflect on what we have been able to achieve. Our DNA is underwriting excellence and innovation, underpinned by smart capital management.

“By staying true to these principles, we have built a leading and diversified specialty underwriting portfolio and we continue to demonstrate the benefits of our capital strength, scale, lead positioning and deep-rooted relationships. Our strong balance sheet provides us flexibility to allocate capital towards attractive underwriting opportunities, while returning excess capital to shareholders through dividends and share buybacks.

“In addition to our cornerstone relationship with TFP, we have recently onboarded our first third-party partnerships and we are well positioned to continue growing our platform.

“As we look ahead, our goal remains to further strengthen Fidelis Insurance Group’s position as a leading global specialty insurer by leveraging strategic partnerships to deliver value to our shareholders, colleagues, clients and partners.”

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