Celebrating one year since the launch of The Fidelis Partnership’s (TFP) Abu Dhabi Global Market office, Fidelis MEASA has delivered strong growth, contributing a significant $88 million in Gross Written Premium (GWP) to TFP’s group-wide GWP of $4.6 billion in 2024.
The opening of the Abu Dhabi office a year ago underscored TFP’s commitment to expanding into new markets and reaching new clients and investors.
Since then, Fidelis MEASA has played a key role in strengthening TFP’s presence and relationships across these high-growth markets, highlighting the region’s importance to accelerating its group-wide BRICs+ strategy.
Matthew Warren, Executive Chairman of Fidelis MEASA, said, “The growth of our Abu Dhabi operations over the past twelve 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. We continue to build an enviable reputation for innovative, high-conviction underwriting that will support our growth ambitions in the years ahead.”
Youssef Al Kareh, CEO and CUO of Fidelis MEASA, added, “TFP’s non-traditional, entrepreneurial structure has enabled us to bring unique product offerings and dynamic risk solutions to the regional markets while clients also benefit from our global expertise in complex risk. In addition to providing underwriting capacity, TFP is differentiating itself by actively investing time, knowledge and technology that will help partner companies and countries to develop their own standalone insurance capacity and capabilities in the future.
“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.”
