London,UK, 17 November 2025 –Dale Underwriting Partners (“Dale”), the trading name for Dale Managing Agency Limited’s Lloyd’s Syndicate 1729, and K2Insurance Services (“K2”), a leading independent MGA platform, have received permission to underwrite ‘from Lloyd’s through their new Special Purpose Arrangement (“SPA”), Syndicate 1954.
The SPA will be managed by Dale Managing Agency Limited and hosted by Dale Syndicate 1729. It is expected to write £80 million of gross written premium in 2026, with 40% retained by Dale.
“The launch of this SPA in partnership with K2 reflects a shared commitment tounderwriting discipline and long-term portfolio development,” said Ian Bridge, Active Underwriter, Dale Underwriting Partners. “This is a natural next step inour relationship and a clear example of our underwriting-first strategy inaction. It allows us to deepen our reach into business lines where we have proven expertise, while supporting our long-term growth plans.”
The portfolio includes Property, Specialty, and Casualty programs, and has been curated leveraging K2’s advanced underwriting analytics and Dale’s underwriting standards and risk appetite. With K2 providing 20% of the underwriting capitalof the SPA, over 50% of the gross portfolio is capitalised by funds aligned to Dale and K2, reinforcing the partnership’s stability and long-term intent.
The SPA introduces 100% incremental premium to Lloyd’s, including new products notcurrently available in the market. The arrangement also leverages Lloyd’s global licenses, enabling broader distribution and product innovation acrosskey territories.
“This SPA reflects our broader ambitions to build high-quality partnerships thatcombine underwriting discipline with aligned and efficient capital,” said Duncan Dale, Chief Executive, Dale Underwriting Partners. “It also highlights our structuring and capital management capabilities which are central to how we will look to scale our business.
“Lloyd’s represents the ideal platform and environment for K2 to deploy our own riskcapital alongside our market-leading underwriting,” said Parth Patel, CUO of K2International. “It allows us to further strengthen alignment with our capacity partners both longstanding and new and reinforces our commitment to sustainable, performance-driven growth.”
Bob Kimmel, K2 Group CEO, added, “This partnership with Dale marks a significant strategic milestone in K2’s evolution, and ‘in-principle’ approval from Lloyd’s is the ultimate validation of our underwriting quality and governance. Syndicate 1954 underscores our continued dedication to building an entrepreneurial, purpose-built platform that delivers exceptional value to all stakeholders.”
Howden Capital Markets & Advisory are is acting as Financial Advisor to K2.
Media Contacts
For Dale Underwriting Partners
Caitlin Haynes, Rein4ce, caitin.haynes@rein4ce.co.uk, +44 (0) 7568 572367
About Dale Underwriting Partners
Dale Underwriting Partners is an independent, high-quality underwriting businesswhich began trading with effect from 1st January 2014 with the formation of Lloyd’s Syndicate 1729. The syndicate underwrites Property re(insurance), Casualty re(insurance), Healthcare Liability, Professional Lines, Specialty, Marine Reinsurance and Portfolio Solutions. Since then, the business has grown, and in 2021 it announced a new joint venture, Dale DUAL MGU Limited. In 2022, Dale was given authorisation to establish its managing agency at Lloyd’s, Dale Managing Agency Limited. For further information about Dale please visit: www.daleuw.com.
For K2 Insurance Services
Katherine Moura, K2 Insurance Services, press@k2ins.com
About K2 Insurance Services
K2 Insurance Services is an insurance services holding company that owns and controls a diverse set of MGAs, marketing, underwriting and servicing nearly $2 billion annually in niche commercial and personal insurance premiums. Our mission is to protect what matters most to our partners and clients through personalized and specialty insurance products by distributing innovative programs and products through trusted direct, retail and wholesale channels. Formed and led by successful insurance industry veterans and backed by Warburg Pincus, K2 is leading the way with specialty insurance programs.
