OAK Reinsurance (Oak Re) has made a sequence of strategic appointments to strengthen its underwriting organisational construction, constructing on its launch in November 2024.
The reinsurer has appointed new management roles throughout its three underwriting segments—property, specialty, and credit score.
Sarah Walcott has been appointed as director of underwriting for the property section.
On this function, Walcott will oversee property disaster, property specialty, and property per danger traces.
Conrad Williams will assume the place of director of underwriting for specialty.
Williams will likely be accountable for specialty traces, which embrace marine, power, political violence, and cyber.
Walcott and Williams will report back to James Irvine, OAK Re chief underwriting officer (CUO).
The credit score section will see Karen Barker be a part of as director of underwriting within the fourth quarter of 2025.
Barker’s obligations will embody credit score traces, together with typical credit score, political danger, and surety, reporting to OAK Re innovation methods president Tom Dickson.
Moreover, OAK Re has designated Ciara Svensen as head of ceded.
Svensen will handle strategic planning and execution of ceded reinsurance throughout all enterprise lessons, reporting to Alex Winfield, chief capital officer & head of technique.
Tom Morgan has been named head of enterprise growth, reporting to OAK’s London operations MD Roland Morse.
Morgan’s function will give attention to the administration of strategic relationships with distribution companions and world multiclass purchasers.
OAK Reinsurance CEO, founder and Group CUO Cathal Carr mentioned: “The standard, breadth and variety of expertise we have now appointed throughout Underwriting, Capital & Threat and Operations & Finance is completely improbable. This growth of our organisational construction will improve our capabilities in these areas, whereas making certain we’re focussed on servicing our purchasers and distribution companions, offering options in areas of evolving danger, and delivering worthwhile development”.
For the reason that begin of 2025, OAK Re has reported writing roughly $400m in gross written premium.
The agency has established relationships with greater than 400 purchasers and is within the strategy of increasing its staff to just about 50 professionals throughout varied departments, together with underwriting, capital and danger, and finance and operations.
