OAK Global launches dedicated portfolio insurance underwriting unit, OAK Partnerships
OAK Global, a leading global risk partner underwriting through two dedicated syndicates at Lloyd’s, has received Lloyd’s approval to launch a new strategic business unit, OAK Partnerships. OAK Partnerships will provide multi-class expertise and capacity for portfolios of insurance risk to leading underwriting partners. 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. Elisabeth brings industry leading expertise to OAK Global having more than a decade of underwriting leadership experience in the portfolio insurance market.
Cathal Carr, Founder, CEO and Group CUO of OAK Global said: “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.
For distribution partners, OAK Partnerships offers long-term, cornerstone capacity across Property, Specialty, Credit, and Casualty classes of business through a single underwriting relationship.
- Partners gain access to Lloyd’s security, licensing and reputation for their clients.
- OAK Partnerships will leverage OAK Global’s proprietary technology platform and holistic industry dataset to perform differentiated, market-leading risk analytics. The benefits of this will flow back to partners through the sharing of OAK Partnerships’ portfolio analysis, benchmarking and portfolio insight.
Elisabeth Groehe, CUO, OAK Partnerships and Joint Active Underwriter, Syndicate 1440, said: “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 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.”
ENDS
About OAK Global
OAK Global, OAK Reinsurance, OAK Enterprise and OAK Horizon are trading names of OAK Servco Limited (company number 15702736). OAK Servco Limited is an Appointed Representative of Polo Managing Agency Limited (company registration number 03935227, FCA firm reference number 204976). In an era of evolving risk, we support our clients today in building resilience for tomorrow. Combining science and data-driven analytics with extensive underwriting expertise, we deliver innovative risk solutions and leading insight. Through our commitment to collaborative, long-term partnerships, our team tailors these solutions to each client’s specific needs. Underwriting through Syndicates 2843 and 1440, rooted in the strength of Lloyd’s which holds Financial Strength ratings of: A+ AM Best, AA- S&P and AA- Fitch.
Find out more here: www.oakglobal.com
Media contact:
Omnia Partners | Victoria Sisson, Partner
Victoria.Sisson@weareomniapartners.com
