TFP APAC is expected to begin underwriting from 1 January 2027, focusing on treaty reinsurance across high-growth Asia-Pacific markets
The Fidelis Partnership plans to launch a Singapore-based Lloyd’s service company, TFP APAC, subject to regulatory approval.
The business is expected to begin underwriting from 1 January 2027 and will focus on treaty reinsurance across high-growth markets in Asia-Pacific.
TFP APAC will write proportional and non-proportional business across property and engineering, marine and energy, casualty and specialty lines.
Capacity will be provided by Fidelis Syndicates 3123 and 2126 through the Lloyd’s Asia platform.
Bilal Zafar (pictured) is set to lead the business as CEO, subject to regulatory approval.
He joins from Volante Global, where he was managing director of Volante Emerging Markets, overseeing reinsurance operations across Asia-Pacific, the Middle East and Africa.
Since 2024, Zafar has also served as CEO of Volante Syndicate’s Singapore service company.
He will be joined by Song Liu, formerly treaty portfolio director in Volante Global’s Singapore unit.
Liu previously worked at China Reinsurance Group Corporation, where he ultimately served as deputy COO of its Singapore division.
Charles Mathias, deputy chairman at The Fidelis Partnership, said: “Asia is a priority within our wider High Growth Markets strategy, which recognises the opportunity for TFP to address complex re/insurance gaps in markets that are growing exceptionally strongly.”
He added: “Leveraging decades of market experience and relationships across local, regional and global distribution partners, Bilal and his team are perfectly positioned to capture this opportunity.”
Zafar said: “Our broad suite of products, classes and structures will allow us to support partners holistically, provide bespoke solutions where our clients need them, and help the local re/insurance markets of high-growth economies become more sustainable and resilient.
“By building long-term relationships with brokers and cedents in these markets, we are pleased to be part of TFP’s wider strategic ambitions across high-growth markets and look forward to collaborating closely.”
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