Oak Reinsurance announced that Lloyd’s Syndicate 2843 has received approval to begin writing business on Jan. 1, 2025.
The syndicate, launched in partnership with capital providers Bain Capital and Hampden Agencies, will operate with turnkey services provided by Polo Managing Agency. It projects gross written premiums of $300 mn for 2025.
Cathal Carr, CEO, founder, and active underwriter of Syndicate 2843, described Oak Re as a major step toward building a global reinsurance franchise at Lloyd’s. The syndicate aims to combine top-tier talent, advanced risk insights, and long-term investor support.
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
Cathal Carr, chief executive officer and founder Syndicate 2843
Oak Re’s leadership team includes 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.
Previously, Oak Re and Polo Managing Agency received “in principle” approval from Lloyd’s for the syndicate.
