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OAK Global launches OAK Partnerships unit for portfolio insurance
The new business will provide capacity via OAK Syndicate 1440, with risks incepting from January 1, 2027.
OAK Global, which underwrites through two dedicated syndicates at Lloyd’s, received approval to launch OAK Partnerships, a new strategic business unit aimed at delivering multi class expertise and capacity for portfolios of insurance risk to underwriting partners, Reinsurance News reports.
OAK Global said capacity for the unit will come from OAK Syndicate 1440, and that risks will incept starting January 1, 2027.
Elisabeth Groehe joined OAK Global as Chief Underwriting Officer of OAK Partnerships, and will also serve as Joint Active Underwriter of Syndicate 1440 alongside Roland Morse, OAK Global said.
The company said the unit is designed to apply its underwriting talent and data intelligence to the portfolio insurance link in the value chain, positioning it to build what it described as an accretive business unit for clients and capital providers.