Dale Underwriting Partners, which is the trading name of Dale Managing Agency Limited’s Lloyd’s Syndicate 1729 and managing general agent platform K2 Insurance Services, have received ‘in principle’ approvement to establish Syndicate 1954, which is a new special purpose arrangement.

Dale Managing Agency Limited will manage the SPA and Dale Underwriting Partners will retain 40% of the business written. In 2026, the SPA is forecast to write gross written premiums of £80m across property, specialty, and casualty lines. K2 will provide 20% of the underwriting capital.

Ian Bridge, active underwriter at Dale Underwriting Partners, said: “The launch of this SPA in partnership with K2 reflects a shared commitment to underwriting discipline and long-term portfolio development.

“This is a natural next step in our relationship and a clear example of our underwriting-first strategy in action. It allows us to deepen our reach into business lines where we have proven expertise, while supporting our long-term growth plans.”

Parth Patel, CUO of K2 International, added: “Lloyd’s represents the ideal platform and environment for K2 to deploy our own risk capital alongside our market-leading underwriting.

“It allows us to further strengthen alignment with our capacity partners both longstanding and new and reinforces our commitment to sustainable, performance-driven growth.”