Today’s episode is all about another syndicate in a box.
Back in episode 16 I interviewed Stuart Newcombe, the active underwriter of the Munich Re innovation Syndicate 1840 and the discussion was all about technology and the implementation of pioneering concepts such as parametric products.
This episode is also about the application of technology but this time it is being applied to one of the most traditional elements of underwriting at Lloyd’s - delegated authority.
This route accounts for 40% of Lloyd’s premiums and so any plan to revolutionise this method of distribution will have repercussions that reverberate across the London market and beyond.
Stephen Card is the Founding partner and CEO of Carbon Underwriting which has founded syndicate 4747.
A London market broking veteran, I first met Stephen 13 years ago when he was running PWS, the London broker that was acquired by THB in 2008.
Stephen knows the Lloyd’s market inside and out and this show and tell on what Carbon Underwriting is doing is a very useful primer of what the future might look like for anyone involved in the $18bn plus global Lloyd’s coverholder supply chain.
Abbreviations:
DA= Delegated Authority
LINK:
We thank Claims Direct Access (CDA) for their support today.
Here is a link to their website:
https://www.claimsdirectaccess.com/
Special Episode: Covid-19 update with Brendan McManus, Peter Blanc and Warren Downey in association with Specialist Risk Group
Ep 17 P&I primer with Dorothea Ioannou of The American Club
Ep 16 Inside the first syndicate in a box with Stuart Newcombe, active underwriter
Ep 15, Solo 1: Unfair Punishment and Pandemic Re
Ep 14 Early coronavirus thoughts from David Flandro of Hyperion X
Ep 13 The secrets of Jonathan Parry of QBE Re’s success
Ep.12 Navigating the post Aon-Willis, MMC-JLT world with Toby Esser of AFL
Ep.11 How to fix the insurance culture problem, with Nicolas Aubert
Ep.10 Cyber masterclass with Dan Trueman of Axis
Ep.9 Insurtech: Everything you need to know. With Instech London
Ep.8 Japan, Florida and Casualty renewals preview - Steve Arora, Axis Re
Ep.7 Disrupting Aviation with Phil Smaje and Marcel Chad of Piiq Risk Partners
Ep.6 The Capsicum-Gallagher deal with Rupert Swallow and Simon Matson
Ep 5. John Drzik of MMC at the WEF Global Risks Report 2020 launch
Ep.4 The hard E&S market with Rick Lindsey of Prime Insurance
Ep.3 The 1.1 renewals with David Flandro of Hyperion X
Ep. 2 The 1.1 renewals with James Vickers Chair of Willis Re International
The Voice of Insurance Ep.1 Mythbusting Lloyd's Lead-Follow with Sheila Cameron, CEO of the LMA
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