London, 25 May 2017: Dale Underwriting Partners, managed by leading Lloyd’s third party managing agency Asta, is delighted to announce that its key capital provider, ProAssurance Corporation has extended its commitment of US$200m of underwriting capital to Syndicate 1729, through to the 2022 year of account.
Duncan Dale chief executive, Dale Underwriting Partners, said: “ProAssurance has been keen from the outset to demonstrate a long-term commitment to the syndicate and this commitment of capital does this in the most tangible way. This is a fantastic endorsement of what the team has achieved so far and of ProAssurance’s positive view of our future prospects.”
ProAssurance chairman and chief executive officer, Stancil Starnes, said: “Our decision to extend our capital commitment to Syndicate 1729 underscores our confidence in Duncan Dale and the team at Dale Underwriting Partners. The syndicate has proven its ability to grow prudently in a challenging market, building their book while demonstrating the underwriting and pricing discipline that is required to ensure long-term success.”