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/
Ep204 What do Teenagers Think about Insurance?
Ep203 Greg Hendrick Vantage Risk: Best Talent, Best Insights, Best Decisions
Ep202 Kate Markham Hiscox: Do More, Do it Better, Do it Cheaper
Special Ep Guillaume Bonnissent of Quotech: Solving pain points you didn't know you had
Ep201 Natalia Dorfman & James Kench of Kita: Gross Written Carbon
Ep200 Renaud Guidée CEO AXA XL Re: Much more than just a transaction
Ep199 Kera McDonald Swiss Re Corporate Solutions: Trendspotting and Avoiding Passivity
Special Ep Mike Steel Moody's RMS: Answering a whole new set of questions
Ep198 Tom Clementi Pool Re: Taking risk off the State
Ep197 Robert Wiest CEO MS Re: A good plan and the capital to execute it
Special Ep: Ian Summers AdvantageGo and Jeff Cohen Zywave: Let the client choose what they want
Ep196 Melissa Collett CEO Insurtech UK: A sector in its own right
Ep195 Adrian Cox: Beating Inertia
Ep194 1.1.2024 Renewals: It Feels Like The Time is Now
Special Ep: Navigating the DDM switch-off with Paul Templar CEO of VIPR
Ep193 Julie Wood CEO QBE North America: Acting on the best available information
Ep192 James Burns CFC: Classifying Cyber
Ep191 Simon Bird, Brit: Bumping along the top
Ep190 Paul Brand, Convex: Execution is everything
Ep189 Tom Hoad Howden Ventures: Professionalising Innovation
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
Bank of America Treasury Insights
How I Crushed It
Pharmacy Podcast Network
The Ramsey Show
Planet Money