The Fidelis Partnership (TFP) has formed a PVT consortium, formed by Guy Carpenter, bringing together a leading Lloyd’s consortium to deploy new capabilities into the War, Terror and Political Violence (WTPV) market.
According to TFP, the consortium will bring together the capacity of leading Lloyd’s syndicates including Argenta, as well as TFP’s own syndicates 3123 and 2126.
The development comes at a time of increased global demand and “significant market disruption” caused by conflict in the Middle East, the company said.
TFP explained: “With capacity provided by 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 in a highly disrupted market where customers are in desperate need of solutions.”
The alliance, which goes live on June 1, 2026, follows the launch of several new alliances on TFP and its Pine Walk MGA platform, including TFP’s AI Data Center Construction Alliance and Navium’s AI Infrastructure Freight Risk Spiral Alliance.
TFP added that the launch reflects its strong PVT underwriting performance, including its response to conflicts in the Middle East, and its commitment to providing innovative solutions to complex capacity needs.
Billy Ayres, Head of Crisis Management Underwriting at Fidelis Partnership, commented: “The launch of the TFP PVT Alliance is a direct reflection of our strong belief that the right response to uncertainty is to move forward, not retreat.
“We believe the losses in the Middle East will significantly change the wider global WTPV market and we are committed to remaining open, disciplined and serving our customers throughout the conflict. This alliance is a reflection of that commitment.
“It brings together the capabilities delivered by our cornerstone partner Pelagos Insurance Capital, complemented by the high-quality Lloyd’s capabilities behind our underwriting leadership, and provides customers with certainty when they need it most.
“It also reinforces our commitment to open market underwriting, which provides transparency in pricing, volumes and exposures, in contrast to the opacity that can occur in facility-based structures.”
Darren Hines, head of Argenta’s terrorism unit, said: “We are pleased to support the TFP PVT Alliance at a time when clients are facing high levels of uncertainty. This structure brings together strong underwriting leadership and meaningful capabilities to help ensure continued access to underwriting in a challenging market.”
Jonathan Powell, managing director at Guy Carpenter, added: “Customers are facing urgent and complex capacity needs in the wake of conflict in the Middle East.
“Guy Carpenter is pleased to have the TFP PVT Alliance deliver structured, reliable capacity at scale. This collaboration combines underwriting expertise and rigorous risk allocation to help clients manage risk and maintain business continuity in a rapidly changing market.”
