Start-ups
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The start-up has achieved an A- credit rating from AM Best. -
The French credit insurer has Apollo lined up as its managing agent.
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The homeowners’ carrier has secured Floir approval.
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Prominent Name Dhruv Patel is the firm’s founder.
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Syndicate 3705 will begin underwriting on 1 January 2025.
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WTW sold Willis Re to Gallagher in 2021 for $3.5bn.
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The reinsurer tends to support a number of syndicates where it has a potential relationship.
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The market’s dearth of third-party managing agents is a source of tension among young syndicates.
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The start-up has secured BMA approval as it looks to a 1 January kick-off.
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Oak Re is being spearheaded by former RenaissanceRe executive Cathal Carr.
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The 2024 event saw 80 speakers address an audience of over 350.
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The business will trade via London, the US and Canada.
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