The Fidelis Partnership launches Construction Consortium for AI data centres
HAMILTON, Bermuda, 6 November 2025 – The Fidelis Partnership (“TFP”) is pleased to announce the launch of a new consortium targeting risks associated with the construction of AI data centres (the “Consortium”).
With estimates suggesting that the AI data centre market could rapidly represent billions in new premium a year, the Consortium will target Excess Layers in Construction risk where there is currently a lack of capacity in the market to support increasing demand.
In addition to the new capacity provided by the Consortium, using its risk allocator model, The Fidelis Partnership has also collaborated with existing capacity partners, Fidelis Insurance Group and Fidelis Syndicate 3123, to build an overall consortium capacity of $250m for these risks. From 1st January 2026, TFP will also be looking to add further capacity from its new Blackstone-backed Syndicate 2126.
Together with the Consortium, this represents meaningful new capacity for the market and showcases TFP’s continued commitment to providing market leadership through its innovative, solutions-oriented approach, unlocking capacity where it is needed most.
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.”