Lloyd’s syndicate discontinues standalone offshore energy underwriting

Dale Underwriting Partners has discontinued writing offshore energy as a standalone class of business, in a move it said would allow greater focus on performance and long-term portfolio sustainability.

The London-based Lloyd’s syndicate, trading as Dale Managing Agency’s Syndicate 1729, confirmed the withdrawal on 4 September 2025.

Duncan Dale, chief executive at Dale and board member of the Lloyd’s Market Association, said the decision was part of a deliberate underwriting shift. He explained: “By refining our underwriting focus, we aim to enhance performance and deliver long-term, sustainable value across our portfolio.”

He added that the business would maintain a commitment to client and broker relationships during the change.

“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,” Dale said.

Remaining portfolio 

Dale Underwriting Partners has been active in the Lloyd’s market since 2014. Its book includes property reinsurance, casualty reinsurance, healthcare liability, professional lines, marine reinsurance and other specialty classes.

The firm has expanded in recent years, establishing Dale DUAL MGU in 2021 and receiving approval for its managing agency in 2022.

The latest portfolio adjustment signals continued selectivity in line with its stated risk appetite.