OAK Reinsurance (“OAK Re”), a global reinsurance company, has received Lloyd’s approval to increase the 2025 business plan of Syndicate 2843 to over $400m of gross written premium.
The syndicate business forecast (SBF) resubmission followed OAK Re outperforming its expectations during the first quarter of 2025.
Chief Executive Officer and Founder, Cathal Carr said: “We are really pleased with the strong reception from the market globally and the quality of the portfolio we have underwritten to date. We believe this strongly endorses the value proposition of OAK Re and the strength of Lloyd’s. We look forward to building on this momentum through 2025 in partnership with our clients and brokers”.