Oak Re’s Lloyd’s Syndicate 2843 has received permission to underwrite business incepting from 1st January 2025.
Oak Re was founded by CEO and active underwriter of OAK Syndicate 2843, Cathal Carr. It has built out its executive team to include Alex Winfield as chief capital officer and head of strategy, Kirsten Mitchell-Wallace as chief risk officer, Irfan Haq as CFO, Harriet James as COO and Karl Stanley as CTO. It is forecasting US$300mn GWP for 2025.
Oak Re is launching the syndicate in collaboration with Bain Capital and Hampden Agencies – the largest provider of private capital to Lloyd’s. Polo Managing Agency is providing turnkey services.
Cathal Carr said: “OAK Re is the culmination of our vision to establish a leading global reinsurance franchise at Lloyd’s, driven by industry-leading talent, underpinned by cutting-edge risk insights, and backed by long-term investors.
“In an era of evolving risk, the Lloyd’s platform and its long-term vision fits perfectly with our ambition to support our clients with reinsurance solutions today, enhancing resilience for tomorrow.”
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