Agile Underwriting Services has concluded its first full underwriting year for Syndicate 2427, marking 12 months since its entry into the Lloyd’s market through the “syndicate-in-a-box” initiative.
The firm reported expansion into new lines, increased broker engagement, and progress in scaling its underwriting platform across multiple markets.
Syndicate 2427 began underwriting in May 2024, positioning itself to deliver digital-led, locally anchored insurance solutions through Lloyd’s.
Targeting the SME and mid-tier market segments, Agile said it is on track to meet utilisation expectations for the 2024 account year, citing disciplined growth and sustained appetite from brokers.
Agile has broadened its product suite with the addition of property and marine lines. The property portfolio, built by a specialist team, is being structured to minimise exposure to natural catastrophe risks.
The company’s focus remains on sectors it considers underserved, with Agile executives pointing to the SME and mid-market segments as areas of strong broker-driven demand.
“We launched Syndicate 2427 with a bold goal – to extend Agile’s capability globally, without losing the agility and focus that got us here,” said Robin Barham, CEO and co-founder of Agile. “A year in, that vision is working. We’re underwriting with purpose, growing responsibly, and building a platform that reflects the future of insurance.”
Syndicate 2427 is supported by underwriters in Sydney, Melbourne, and Brisbane. These teams leverage Agile’s local operations and infrastructure while connecting to international capital and Lloyd’s distribution capabilities.
Key milestones over the past year include the conversion of Agile’s original MGA entity in Australia into a Lloyd’s Syndicate Service Company.
Agile has also launched new Lloyd’s service companies in the UK and New Zealand – marking the first such entity in that market.
Mark Hunt, active underwriter for Syndicate 2427, said momentum has been consistent.
“What started as a relatively modest syndicate-in-a-box now feels like a true engine of growth,” he said. “Our focus remains on underwriting smartly, growing sustainably, and delivering solutions brokers can count on.”
Agile said the platform has enabled it to enter new geographic markets across the Asia-Pacific region, improve binder management, and offer broader risk solutions to brokers and clients.
Planning is underway for the 2026 underwriting year, with Agile expected to continue investing in digital infrastructure and regionally embedded underwriting capacity.
