Oak Global has received permission from Lloyd’s for its syndicate 1440 to beginning underwriting. The syndicate will operate has Oak Enterprise and focus on providing property and specialty retrocession capacity to clients for business incepting from 1st January 2026.

Roland Morse has been named as chief underwriting officer and will lead Oak Enterprise. Polo Managing Agency Ltd will provide its operational services.

Morse said: “We are excited to officially launch Oak Enterprise. Since announcing ‘in-principle’ approval in September, we’ve had a strong reception from the market, with prospective clients and brokers communicating that they welcome the additional long-term retro capacity and leadership reinforced by highly-rated Lloyd’s security.”