Agile Underwriting Services has completed its first year of underwriting through Syndicate 2427, launched under Lloyd’s ‘syndicate-in-a-box’ framework.
During its one year of operation, Syndicate 2427 reported expanded product lines, increased broker engagement and steady growth across its core SME and mid-market segments.
Managed by Davies-owned Asta, Syndicate 2427 began writing business in May 2024 with the aim of delivering digital, regionally driven underwriting to the Lloyd’s market. Agile said the syndicate is on track for strong utilisation in its first year of account, reflecting consistent market appetite across its targeted lines.
“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 Agile co-founder and CEO Robin Barham. “A year in, that vision is working. We’re underwriting with purpose, growing responsibly, and building a platform that reflects the future of insurance.”
Underwriters in Sydney, Melbourne and Brisbane anchor the syndicate’s operations, which leverage Agile’s regional infrastructure and market knowledge to deploy international capacity.
Over the past year, the syndicate has expanded into the property and marine markets. Its property portfolio is being developed with a strategy aimed at limiting exposure to natural catastrophe risks. Agile reported a growing underwriting pipeline into the second half of 2025 and full-year 2026. It has maintained its focus on SME and mid-market business, which the company said continues to see consistent demand from brokers.
The company has also converted its foundation managing general agent, Agile Australia, into a Lloyd’s service company. New service companies have been launched in the UK and New Zealand, with the latter described by Agile as a first for that market.
“We’ve built solid momentum. What started as a relatively modest syndicate-in-a-box now feels like a true engine of growth,” said Mark Hunt, active underwriter for Syndicate 2427. “Our focus remains on underwriting smartly, growing sustainably, and delivering solutions brokers can count on.”
The syndicate has extended Agile’s access to new markets and capital while broadening its product offering. It has also strengthened the firm’s delegated authority capacity and supported its expansion into underdeveloped areas across the Asia-Pacific region.
Planning for the 2026 year of account is underway. Agile said it will continue to apply its technology-led model and locally based underwriting to support further growth.
