Dale Underwriting Partners, the trading name of Dale Managing Agency Limited’s Lloyd’s Syndicate 1729, a specialist insurer at Lloyd’s of London, has announced it will cease writing Offshore Energy as an independent class of business.
The decision to discontinue Offshore Energy as a standalone class follows a strategic review of the syndicate’s portfolio.
By refocusing its underwriting activity, Dale aims to strengthen areas that align more closely with its long-term objectives while maintaining disciplined growth and sustainable performance across the market.
Duncan Dale, Chief Executive Officer, commented: “This decision reflects our continued commitment to portfolio discipline and ensuring alignment with both our performance objectives and evolving risk appetite.
“By refining our underwriting focus, we aim to enhance performance and deliver long-term, sustainable value across our portfolio.”
He further added: “We remain fully committed to supporting our clients and brokers throughout this transition and will work closely with them to ensure an orderly and well-managed run-off of the Offshore Energy portfolio.”
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