Behind the Headlines: Oak Global’s Cathal Carr on reinsurance recency bias

Following a period of dwindling market share for London in reinsurance, reinsurer start-up activity has returned to the Square Mile. One such business is Cathal Carr-led Oak Global, which launched in 2024 and now boasts two syndicates. But why choose to launch in Lloyd’s? Carr told Behind the Headlines how Lloyd’s provided a unique access to capital which was transformational in its launch phase. Discussing market conditions, he said that the soft reinsurance market was operating with “recenc...