The Fidelis Partnership (TFP) has launched a PVT Consortium, placed by Guy Carpenter, bringing together leading Lloyd’s syndicates to deploy new capacity into the war, terror and political violence (WTPV) market.
According to TFP, the Consortium will bring together capacity from leading Lloyd’s Syndicates, including Argenta, alongside TFP’s own Syndicates, 3123 and 2126.
The firm said that this development comes at a time of heightened global demand and “significant market dislocation” resulting from the Middle East conflict.
“Following capacity provided from TFP’s cornerstone capacity provider, Pelagos Insurance Capital, the Consortium is able to deploy up to $47.5 million per risk in the Middle East and up to $345 million per risk globally — providing clients with meaningful, structured capacity for a highly disrupted market where clients are in urgent need of solutions,” TFP explained.
The Consortium went live on 1 June 2026 and follows several new consortia launched across both TFP and its Pine Walk MGA platform, including TFP’s AI data centre Construction Consortium and Navium’s Helix Consortium for AI infrastructure cargo risk.
TFP added that the launch reflects its strong PVT underwriting performance, including its response to the Middle East conflict, and its commitment to providing innovative solutions for complex capacity needs.
Billy Ayres, Head of Underwriting – Crisis Management, The Fidelis Partnership, commented, “The launch of the TFP PVT Consortium is a direct expression of our high-conviction approach and our belief that the right response to uncertainty is to lean in, not step back.
“We believe that losses from the Middle East will significantly shift the wider global WTPV market, and we are committed to remaining open, disciplined and available to clients throughout the conflict. This Consortium is a demonstration of that commitment.
“It brings together the capacity provided by our cornerstone partner, Pelagos Insurance Capital, complemented by high-quality Lloyd’s capacity behind our underwriting leadership and gives clients certainty at the moment they need it most.
“It also reinforces our commitment to open market underwriting, which delivers transparency around pricing, aggregates, and risk exposure, in contrast to the opacity that can develop within facility-based structures.”
Darren Hines, Unit Head of Terrorism, Argenta, said, “We’re pleased to support the TFP PVT Consortium at a time when clients are facing heightened uncertainty. The structure brings together strong underwriting leadership and meaningful capacity, helping ensure continued access to cover in a challenging market.”
Jonathan Powell, Managing Director, Guy Carpenter, added, “Clients are facing urgent and complex capacity needs following the Middle East conflict.
“Guy Carpenter was pleased to place the TFP PVT Consortium to provide structured, dependable capacity at scale. This collaboration combines underwriting expertise and disciplined risk allocation to help clients manage exposure and maintain business continuity in a fast-changing market.”
