Shift positions the firm at the centre of a government-backed push to grow Ireland as a specialty insurance hub
The Fidelis Partnership (TFP) has transferred its primary European entity from Brussels to Dublin, making the Irish capital its hub for accessing the EU market.
The change took effect on 1 December and reflects the group’s growing investment in Ireland, where its operations have expanded significantly over the past year.
TFP now employs more than 80 people in Dublin, following recent hires including underwriter Paul Hendrix and senior D&F underwriter Michelle Raine.
The firm expects to write about $800m in premium in 2025.
It is also developing local talent through a scholarship programme with the University of Limerick and an internship scheme with Queen’s University Belfast.
Dublin has become a key operational base for TFP’s technology, data analytics and actuarial teams, the re/insurance company said.
The company is working with Minister Robert Troy at Ireland’s Department of Finance to lead a working group of specialty insurance chief executives aimed at positioning Dublin as a European hub for the sector.
In June, TFP and IDA Ireland co-hosted a panel event with Irish minister Jack Chambers to highlight Ireland’s growing role as a centre for innovation and investment in insurance.
Rob Kelly, Ireland CEO at TFP, said the firm was “delighted to be playing a leading role in the development of Dublin as a globally recognised European insurance hub”.
He said: “Ireland has already established itself as a centre of excellence for technology, and we are excited by the opportunities to continue building its profile as a destination of choice for insurance business, particularly across specialty lines.
“As a home for Ireland’s leading and emerging underwriting talent, and as a convenor of industry voices committed to Ireland’s growth, TFP is exceptionally well positioned to help spearhead this development,” Kelly added.
Conor O’Riordan, group chief financial officer, TFP, said the relocation reflected the momentum the business had built in Ireland since opening its Dublin office in 2018.
He said: “We see huge potential for Ireland to accelerate as the engine room for European specialty insurance and we are excited to deepen our commitment here.”
Chambers said that Ireland had “rapidly transformed into an internationally competitive home for global re/insurance capital”.
“TFP’s renewed commitment to Dublin and Ireland is a major testament to the strength of this environment and its future growth potential, and I look forward to further collaboration with the business moving forward,” he continued.
Troy said the transfer represented “a strong vote of confidence in Ireland’s insurance sector, our deep pool of talent, and our pro-enterprise environment”.
“From expanding its workforce to supporting the next generation of local talent, The Fidelis Partnership’s investment strengthens Ireland’s position as a leading location for specialty insurance within the EU,” he added.
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