Dale Underwriting Partners taps 40-year vet to chair group board

High-profile appointment to follow completion of earlier CVC transaction

Dale Underwriting Partners taps 40-year vet to chair group board

Insurance News

By Kenneth Araullo

Dale Underwriting Partners, trading under Dale Managing Agency Limited’s Lloyd’s Syndicate 1729, has announced the appointment of Preben Prebensen as the independent non-executive chair of the group board. This appointment is set to take effect upon the completion of its transaction with CVC and is subject to customary regulatory approvals.

The appointment is a significant step following the recent announcement of Dale's strategic partnership with CVC, a prominent global private markets manager overseeing €177 billion in assets. In line with this partnership, a new group board will be established, consisting of CVC and Dale's executive and non-executive directors. This board will operate alongside the existing governance framework and will be dedicated to supporting the business in realising the next phase of its strategic vision.

Prebensen brings a wealth of experience to his new role, with over 40 years in the banking and insurance sectors. He served as the CEO of Close Brothers Group Plc, a FTSE 250 merchant bank, for 11 years. His previous roles include chief investment officer and member of the group executive committee at Catlin Group, and CEO at Wellington Underwriting.

Additionally, he currently holds the position of the independent non-executive chair at RiverStone International and Enra Specialist Finance, as well as senior independent director at The British Land Company plc.

“Having someone of Preben’s calibre joining the Group Board is a real achievement for the business following our strategic partnership announcement with CVC. Preben’s extensive experience within financial services will help with Dale’s exciting plans for growth and continue its mission of delivering superior underwriting results and service to our clients,” said Duncan Dale, chief executive and founder of Dale.

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