Fidelis Insurance Group completed an investment in Oak Global late last year, and the company confirmed on its recent Q4’25 earnings call that it initiated a portfolio-wide partnership with the Lloyd’s reinsurer at the January 1st, 2026, renewals.
In September 2025, OAK Re announced the rebranding of its group identity to OAK Global, and also unveiled OAK Enterprise, the home of Syndicate 1440, which was approved by Lloyd’s to commence underwriting retrocession business at 1.1 2026.
Alongside Syndicate 1440, OAK Reinsurance, the flagship strategic business unit in the OAK Global group, continues to underwrite primary reinsurance through Lloyd’s Syndicate 2843.
Speaking on the firm’s Q4’25 earnings call, Jonathan Strickle, Group Chief Actuarial Officer at Fidelis Insurance Group, revealed that the carrier “initiated a portfolio-wide partnership with Oak Global, providing Funds at Lloyd’s for their syndicates and making a long-term commitment that we intend to expand as their business grows.”
Strickle went on to emphasise the “exceptional performance track record” of OAK Global’s leadership and the “strong data-driven people-powered culture that they have built” as reasons for the partnership.
“OAK is bringing disciplined specialist capacity into the market, underpinned by technology, data-driven insights and deep expertise, addressing a gap in the Lloyd’s market for a scaled reinsurance-focused platform.
“By committing meaningful long-term underwriting capital, we are supporting both OAK’s expertise and the structural opportunity, partnering with a platform built for durability across market cycles,” added Strickle.
