Back to today’s briefing

Story perspectives

Fidelis Secures Historic 5% Stake in $3.1B Reinsurance

1/26/2025

24 4

Summary

Story summary

The Fidelis Partnership has made waves by securing a 5% stake in the International Group of P&I Clubs' impressive $3.1 billion marine liabilities reinsurance program via Lloyd’s Syndicate 3123. This groundbreaking achievement marks the first private placement for the IGPIA in Lloyd’s, with Fidelis becoming the first Managing General Underwriter to earn counterparty approval this year.

1 of 1

Story summary

The Fidelis Partnership has made waves by securing a 5% stake in the International Group of P&I Clubs' impressive $3.1 billion marine liabilities reinsurance program via Lloyd’s Syndicate 3123. This groundbreaking achievement marks the first private placement for the IGPIA in Lloyd’s, with Fidelis becoming the first Managing General Underwriter to earn counterparty approval this year.