Agile Underwriting Services Pty Ltd., the insurtech-driven managing general agency (MGA) and Lloyd’s coverholder, announced it has been appointed as a representative agent for global specialty insurer, StarStone, in Australia and New Zealand.
Agile has been a strategic partner since StarStone launched its Australian underwriting capability in 2016.
The appointment, which follows a strategic review by StarStone, will see Agile represent StarStone across the full range of specialty classes provided by Syndicate 1301.
Agile, with its operations in Sydney, Melbourne, Brisbane (in Australia) and Christchurch (in New Zealand), underwrites accident and health, aviation, cargo, cyber, financial lines, marine hull and marine liability as a Lloyd’s coverholder. Founded in 2015, Agile specializes in insurtech systems and delivery, providing online platforms to brokers and MGA’s that provide efficient access to capacity for smaller risks to reduce friction costs.
Robin Barham, who has served as StarStone Australia’s managing director since its establishment, is also the founder and CEO of Agile. Barham will remain at Agile’s helm, responsible for developing new business activity under a new facility managed by Agile, which will allow continued access to StarStone’s underwriting expertise, following the closure of the StarStone Australia office.
“StarStone’s retention of Agile highlights the ongoing benefits for both businesses and our customers of our existing relationship,” Barham said. “The partnership will ensure customers retain access to StarStone’s capacity and expertise, StarStone will gain more efficient access to Australian customers, while Agile will continue to benefit from working with a global insurer.”
“As StarStone continues its strategy to reposition its operations, we are looking to develop long-term partnerships in key geographies to enhance our global reach,” commented David Message, StarStone’s Group CUO.
“The underwriting team at Agile already has close relationships with our international underwriting teams and is well-placed to assist us in developing our client proposition in the region,” added Message.
StarStone is an international insurance group with six wholly owned insurance platforms, including Lloyd’s Syndicate 1301. StarStone is owned by Enstar Group Limited, the Trident V funds managed by Stone Point Capital LLC and Dowling Capital Partners I, L.P.
Source: Agile Underwriting Services
Topics Mergers & Acquisitions InsurTech Excess Surplus Tech Underwriting Insurance Wholesale Australia
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