Dale Underwriting Partners
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In its first year under new ownership and after setting up its own managing agency in 2022, the Lloyd’s syndicate is looking at ways to leverage its infrastructure. -
The appointment follows Dale's completion of its deal with CVC to support business growth.
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CVC funds will invest into Dale to support business growth, which will result in CVC acquiring a majority stake in the business, the companies said.
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The Duncan Dale-led business has reached an ‘inflection point’ where a large, aligned capital provider is advantageous, executives say.
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The carrier said a post-Covid rebound in travel was creating opportunities in the A&H sector.
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The holding company’s approval from regulators means that Dale Underwriting Partners Syndicate 1729 can migrate from Asta to Dale’s own new managing agency.
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Matthew Sims and William Taylor will launch a book from November as the market moves away from composite covers.
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The managing agency will also house SPA 6131.
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