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/
Ep138 Bill Jewett CEO Obsidian Insurance Holdings: Good shepherds of reinsurance capital
Special Episode: The State of (Re)insurance
Ep137: Richard Brindle and Dan Burrows of Fidelis - changing the structure of capital forever
Special Episode: Navigating ESG, with Miqdaad Versi of Oxbow Partners
Ep136 David Howden & Rod Fox: Blurring the Lines
Ep135 Albert Benchimol: An appetite for growth
Special Episode: Matthew Grant & Henry Gale of InsTech. Parametric: where traditional insurers fear to tread
Ep134 Joshua Motta CEO Coalition: Building a Cyber Muscle
Special Charity Episode: You managing your body, not it managing you. With ABF The Soldiers’ Charity
Ep133 Jean-Jacques Henchoz: Not yet hitting the glass ceiling
Ep132 Sean McGovern CEO UK and Lloyd’s, AXA XL: Redefining Everything
Ep131 Simon Hedley CEO Acrisure Re Group: Finding a way to get things done
Ep130 Clive Buesnel CEO Tysers: Here to make our brokers brilliant
Ep129 Waleed Jabsheh President IGI: A Good Company is a Good Company
Ep128 Miles Wuller of Ryan Specialty Underwriting Managers: Enabling Masters of their trade
Ep 127 Mike Reynolds CEO Oneglobal Broking: Organic builds take longer
Ep126 Jonathan Zaffino President, Ascot Group: We don’t believe in big bets
Ep 125 Jonathan Turner CEO of Gallagher Specialty UK - Every insurer is talking about growth
Ep 124 Tom Hoad Head of Innovation TMK: Innovation is really about doing stuff
Ep 123 Ryan Mather CEO Ariel Re: Meet the New Guard
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
Pharmacy Podcast Network
Aktörspodden
The Power of Storytelling
The Ramsey Show
Planet Money