Howden Capital Markets & Advisory and Howden Capital Solutions will act as financial advisors to MGA platform K2 Insurance Services, which will launch Syndicate 1954 of the 2026 YOA in partnership with Dale Underwriting Partners (the trading name of Lloyd’s Syndicate 1729 of Dale Management Agency Limited).
Last month, Dale Underwriting Partners and K2 received “in-principle” approval from Lloyd’s to establish a new special purpose arrangement (SPA), known as Syndicate 1954.
The SPA will be managed by DaleManagingAgency Limited and hosted by DaleSyndicate1729. Total written premiums are expected to reach £80 million in 2026, of which Dale retains 40%.
The consortium will introduce 100% incremental premiums into the Lloyd’s market, including new products not currently available on the market. It will leverage Lloyd’s global licenses to enable wider distribution and product innovation in key geographies.
Jarad Madea, Chief Executive of Howden Capital Markets & Advisory, commented: “This transaction highlights Howden Capital Markets & Advisory’s commitment to shaping the future of Lloyd’s Specialty Insurance. By advising K2 on the launch of Syndicate 1954, we are helping to bring incremental premiums and innovative new products to the market.
“Partnering with K2 and Dale demonstrates our deep expertise within the Lloyd’s ecosystem and further strengthens Howden’s role as a trusted advisor, bringing high-quality, forward-thinking underwriting to market.”
