2026-03-24 · Source: Reinsurance News
Summary in 3 Points • OAK Global launches OAK Horizon to target climate and technology risks with support from Lloyd's of London syndicates • OAK Horizon will use a systems-based underwriting approach integrating climate and technology into portfolio construction • The new unit aims to capitalize on underwriting opportunities at the intersection of climate and technology risk --- OAK Global has announced the launch of a new strategic business unit called OAK Horizon, which is designed to seize underwriting opportunities at the intersection of **climate** and **technology** risks. This new unit will be supported by capacity from OAK Global's existing syndicates at **Lloyd's of London**. OAK Horizon plans to implement a systems-based underwriting approach, which will integrate climate and technology considerations into its portfolio construction. This strategy reflects a growing trend in the insurance industry to address emerging risks associated with climate change and technological advancements. For the **London Insurance Market**, the introduction of OAK Horizon signifies a proactive approach to evolving risk landscapes, particularly those influenced by climate change and technological innovation. By leveraging the capacity of Lloyd's syndicates, OAK Global is positioning itself to effectively manage and underwrite complex risks that are becoming increasingly relevant. This move could inspire other insurers to adopt similar strategies, potentially leading to a more dynamic and responsive market environment. **Underwriters** and **brokers** within the London Market should consider the implications of OAK Horizon's systems-based approach, as it may set new standards for integrating climate and technology risks into underwriting processes. **Risk managers** should evaluate how these developments might influence risk assessment and mitigation strategies, particularly in sectors heavily impacted by climate and technological changes. This initiative underscores the importance of staying ahead of industry trends and adapting to the evolving needs of clients facing these dual challenges.
OAK Global has announced the launch of a new strategic business unit called OAK Horizon, which is designed to seize underwriting opportunities at the intersection of climate and technology risks. This new unit will be supported by capacity from OAK Global's existing syndicates at Lloyd's of London. OAK Horizon plans to implement a systems-based underwriting approach, which will integrate climate and technology considerations into its portfolio construction.