The Fidelis Partnership (TFP), a privately-owned managing general underwriter (MGU), has announced the launch of a new consortium targeting risks associated with the construction of artificial intelligence (AI) data centres.
TFP used its risk allocator model to collaborate with existing capacity partners – Fidelis Insurance Group and Fidelis Syndicate 3123 – to establish an initial total capacity of $250 million for these risks.
Furthermore, TFP plans to significantly boost this figure, looking to add further capacity from its new Blackstone-backed Syndicate 2126, starting from January 1, 2026.
Together with the Consortium, this represents meaningful new capacity for the market.
The Construction Consortium follows existing consortiums led by TFP in the Space, ECAT, and Contingency classes.
Michael Davern, UK CUO & Group Head of D&F Property and Energy at The Fidelis Partnership, commented: “We are very pleased to be launching and leading this new consortium at a critical moment in the proliferation of AI data centres. The number and size of AI data centres is growing at pace, and it is essential that the right insurance capacity is available to support the construction of what are high complexity and high value projects.
“Once again, TFP has acted with speed and leadership to unlock capacity where the market needs it most. This new capacity will also be complementary to our diverse product offerings to data centre clients’ needs across: Terror, Cargo, Project Finance, Surety, Renewables, Liability and Operational Property lines, creating new opportunities to cross-sell these products to deliver bespoke client solutions.”
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