June 16, 2024

The Fidelis Partnership expands footprint with new Abu Dhabi office | Insurance Business Asia

Leadership appointments announced

The Fidelis Partnership expands footprint with new Abu Dhabi office

Insurance News

Roxanne Libatique

The Fidelis Partnership, a Bermuda-based managing general underwriter (MGA) formerly known as Fidelis MGU, has announced the launch of a new office in Abu Dhabi.

This includes the appointments of Matthew Warren (pictured, left) as executive chairman of Fidelis MEASA and Youssef Al Kareh (pictured, right) as CEO and CUO of Fidelis MEASA.

Warren previously served as CEO of Oneglobal Middle East, while Al Kareh has held various senior roles, most recently as deputy CEO corporate insurance at Shory.

The Fidelis Partnership’s Abu Dhabi expansion

Richard Coulson, CEO of insurance and deputy group CUO at The Fidelis Partnership, said this move is part of the company’s broader expansion strategy. The new office aims to provide greater access to a region with significant business opportunities.

He highlighted the critical role of insurance in the energy transition and expressed confidence in the firm’s ability to support clients in managing risks in both traditional and renewable energy sectors.

“This is another positive development in our ambitious expansion plans, giving us more direct access to a vibrant region which has a significant pool of potential business. This also forms part of our commitment to building a footprint that aligns to where our clients, brokers, and investors are,” he said. “More broadly, insurance is a critical enabler for the energy transition, and The Fidelis Partnership is already playing a leading role in helping our clients in both traditional and renewable energy tackle the unique risks and complexities in this area. We see significant potential to bring this expertise closer to clients in the Middle East.”

Fidelis MEASA’s leaders

Warren expressed his enthusiasm about the new venture, citing it as an opportunity to extend The Fidelis Partnership’s expertise in complex risks to new markets.

“The Fidelis Partnership has established a reputation as a leading player globally when it comes to complex risks. This is an exciting opportunity to bring these capabilities to new markets and investors in the region. We look forward to meeting brokers and their clients in person as we build our presence in Abu Dhabi and the wider MEASA region,” he said.

Al Kareh emphasised the importance of having a local presence: “By establishing an on-the-ground presence, The Fidelis Partnership is demonstrating its strong commitment to Abu Dhabi and the wider region. I look forward to working closely with the teams in London, Bermuda, and Dublin and bringing their expertise to current and prospective clients.”

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