OAK Global, which underwrites through two dedicated syndicates at Lloyd’s, has received approval to launch OAK Partnerships, a new strategic business unit providing multi-class expertise and capacity for portfolios of insurance risk to leading underwriting partners.
According to OAK Global, capacity will be provided by OAK Syndicate 1440, with risks incepting from 1st January 2027.
Elisabeth Groehe has joined OAK Global as Chief Underwriting Officer of OAK Partnerships and will also serve as Joint Active Underwriter of Syndicate 1440 alongside Roland Morse, Chief Underwriting Officer of OAK Enterprise.
Groehe commented, “With the continued improvements in quality and availability of granular risk data, now is the right time for OAK Partnerships to apply OAK Global’s proven combination of data intelligence and first-rate underwriting talent to the portfolio insurance link in the value chain.
“I am excited to be taking on the opportunity to build out an accretive business unit at OAK Global. I believe we have the platform and expertise to deliver something that will bring real value to our clients, capital providers, and the broader Lloyd’s market.”
OAK Global said OAK Partnerships will offer distribution partners long-term, cornerstone capacity across Property, Specialty, Credit and Casualty through a single underwriting relationship, giving them access to Lloyd’s security, licensing and reputation for their clients.
The unit will also leverage OAK Global’s proprietary technology platform and holistic industry dataset to deliver differentiated, market-leading risk analytics.
Partners will reportedly benefit from these capabilities through access to OAK Partnerships’ portfolio analysis, benchmarking and insights.
Cathal Carr, Founder, CEO and Group CUO of OAK Global, commented, “OAK Partnerships is an exciting expansion of OAK Global’s offering to the market. It will bring our technology-enabled underwriting expertise to a new cohort of underwriting partners, offering Lloyd’s capacity for multi-class portfolios of profitable risk.
“For our capital providers, this will further diversify OAK Global’s offering by adding a lower volatility underwriting strategy and risk profile that is highly complementary to our existing reinsurance and retrocession portfolios.”
