Dale Underwriting Partners – Syndicate 1729 at Lloyd’s
Dale Underwriting Partners is an independent, owner-managed Lloyd’s syndicate which began trading with effect from 1st January 2014 and has a Stamp Capacity of £147m for the 2020 year of account. Led by Duncan Dale and a team of experienced underwriters with successful track records, Dale Underwriting Partners aims to provide a first-class underwriting service to brokers and clients around the world. The Syndicate is run by underwriters who understand how their own books of business fit into the broader context of a growing Syndicate. This approach, combined with a supporting team that is embedded into the underwriting process, ensures consistency of message year on year to our clients.
In 2018, Dale Underwriting Partners sponsored the creation of Magna Syndicate 6131, a separately capitalised Lloyd’s Special Purpose Arrangement (SPA) managed by Asta Managing Agency. Magna, which began trading at 1st January 2018, writes a book of specialty focused business including open market Contingency and Sports PA as well as delegated authority Contingency and Niche Property business.
We are proud to be London based, drawing on the strengths of the city in terms of access to talent and are dedicated to the Lloyd’s broker distribution channel. We have the knowledge of our products and the strength of innovation to provide efficient and effective solutions to our client base. We seek mutually beneficial relationships over a long period of time, appreciating that consistency of approach and transparency of message are more valuable assets than short term grasps at profit.
As an entrepreneurial and lean business we have greater flexibility than most to offer an innovative and creative service to our client base as well as the ability to cross-sell across our core lines of business. Our people are central to our success; all staff are rewarded on the bottom line profitability of the Syndicate as a whole and are thus aligned strongly to our supporting capital.
ProAssurance is a key partner to our business and is recognised as one of the top performing US property and casualty insurers and rated “A” (Excellent) by A.M. Best. The underwriting capital behind the Syndicate is provided by ProAssurance, Private Names and Third Party Corporate Providers.
As a Lloyd’s syndicate, we benefit from the financial strength, security and stability of the Lloyd’s market to meet our ongoing insurance policy and contractual obligations. Lloyd’s currently enjoys an “A” rating from A.M. Best and “A+” ratings from Fitch Ratings and Standard & Poor’s. www.lloyds.com.
Our syndicate is managed by Asta Managing Agency, a leading turnkey provider for third party syndicates with over £1bn of gross underwriting capacity under management. www.asta-uk.com