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/
Ep 31 Andrew Horton: Beazley, the hard market and the new Lloyd's
Ep 30 Steve McGill: Rip up your original business plan...
Ep 29 John Ludlow of Airmic: Insurance falling short of high standards and founding principles
Ep 28 Meet the Lloyd's Gatekeeper - Julian Tighe of Asta
Ep 27 How captives insure the uninsurable, with Oliver Schofield of RISCS
Ep 26 Talent and the class of 2020/21 with Dennis Mahoney
Ep 25 Build me a reinsurance broker: Tim Gardner of Lockton Re
Ep 24 Running towards risk: Stephen Postlewhite of QBE Re
Ep 23 Julian Enoizi of Pool Re: Time to become peril-agnostic on non-damage BI?
Ep 22 Casualty, Capital and Covid with Jason Howard CEO of Beach
Ep 21 Covid-19's reinsurance impact with Andrew Newman and Printhan Sothinathan of Willis Re
Special Episode: Biba, the LMG and Liiba respond to Covid-19
Ep 19 Bermuda briefing with Chris Bonard and John Turner of Ed Broking
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
Create your
podcast in
minutes
It is Free
The emPOWERed Half Hour
NABOR® TALKS
U.S Property Podcast
Aligned Money Show
The Ramsey Show
Planet Money