Dale Underwriting Partners, which is the trading name of Dale Managing Agency Limited’s Lloyd’s Syndicate 1729 is to stop writing offshore energy as a standalone class of business. Its other lines of business include casualty, property and specialty as well as offering reinsurance.

Duncan Dale (pictured), chief executive officer, said: “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 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.”