Dale Underwriting Partners
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One critical sticking point for Lloyd’s is the true alignment of interest with the market. -
The syndicate aims to write £80mn of programme business in 2026.
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As two working member vacancies are arising on the Council, a ballot will be held.
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The pair hail from Dale Underwriting and Axa XL, respectively.
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Dale Underwriting recently pulled out of standalone offshore energy business.
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The carrier said the decision reflected its commitment to portfolio discipline.
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Peter Cordell will join Syndicate 1729 in January.
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The carrier posted significant growth in 2024, with GWP up 30% to $493mn.
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BP Marsh has taken a 25.5% stake in the energy-transition business.
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He joins from Berkley Re and previously had a long stint at Talbot.
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This publication revealed last month that some of Westfield’s financial lines team had resigned.
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The executive said volatile losses made underwriting the class less predictable.
