OAK Reinsurance (“OAK”), a global reinsurance provider, has announced number of strategic appointments as it continues to develop its underwriting organisational structure and builds upon its successful launch on 25th November 2024.
Since 1st January 2025, OAK has successfully written approximately $400m of GWP at its target expected profitability, with an extremely positive global reception resulting in over 400 clients and a team build approaching 50 staff across Underwriting, Capital & Risk and Finance & Operations.
OAK has appointed the following underwriting leadership roles across its three segments of Property, Specialty and Credit, under the leadership of Cathal Carr as Group CUO:
• Director of Underwriting, Property: Sarah Walcott
Responsible for property lines including property catastrophe, property specialty & property per risk; reporting to James Irvine, CUO, OAK Re
• Director of Underwriting, Specialty: Conrad Williams
Responsible for specialty lines including marine, energy, political violence & cyber; reporting to James Irvine, CUO, OAK Re
• Director of Underwriting, Credit: Karen Barker
Joining OAK Re in Q4 2025, Karen will be responsible for credit lines including conventional credit (single-name, whole turnover, ECAs), political risk and surety. She will report to Tom Dickson, President, Innovation Strategies
In addition, the following underwriters will assume cross segment roles:
• Head of Ceded: Ciara Svensen
Responsible for strategic planning and execution of ceded across all classes of business; reporting to Alex Winfield – Chief Capital Officer & Head of Strategy
• Head of Business Development: Tom Morgan
Responsible for management of strategic assumed relationships with distribution partners and global multiclass clients; reporting to Roland Morse – Managing Director, London
Chief Executive Officer, Founder and Group CUO, Cathal Carr said: “The quality, breadth and diversity of talent we have appointed across Underwriting, Capital & Risk and Operations & Finance is absolutely fantastic. This development of our organisational structure will enhance our capabilities in these areas, while ensuring we are focussed on servicing our clients and distribution partners, providing solutions in areas of evolving risk, and delivering profitable growth”.