OAK Enterprise receives regulatory approval to write business from 1st January 2026
OAK Global, a leading risk partner, today announces that it has received permission to underwrite from Lloyd’s for Syndicate 1440.
The new syndicate will operate as the strategic business unit OAK Enterprise, providing property and specialty retrocession capacity to clients for business incepting from 1st January 2026.
OAK Enterprise is the second strategic business unit within the OAK Global group, joining OAK Reinsurance, which underwrites through Syndicate 2843 and provides primary reinsurance capacity to clients.
Syndicate 1440 will bring value to the London market by supporting retro clients through leading risk expertise and solutions, while providing investors with unique access to the retrocession market through the Lloyd’s capital framework.
Deepon Sen Gupta, Head of Capital Partnerships at OAK Global, commented: “We are delighted to have secured investment from a broad spectrum of long-term capital providers, across traditional Lloyd’s Names, trade partners and institutional investors, including Bain Capital. Their commitment recognises OAK Enterprise’s excellent origination and retro underwriting capabilities and unique offering within the Lloyd’s marketplace”
OAK Enterprise will be led by a dedicated Chief Underwriting Officer, Roland Morse, reporting to Cathal Carr, Founder, CEO and Group CUO of OAK Global.
Roland Morse, CUO of OAK Enterprise, said: “We are excited to officially launch OAK Enterprise. Since announcing ‘in-principle’ approval in September, we’ve had a strong reception from the market, with prospective clients and brokers communicating that they welcome the additional long-term retro capacity and leadership reinforced by highly-rated Lloyd’s security.”
Polo Managing Agency Ltd will provide turnkey services for Syndicate 1440.