Reflecting on a Productive First Year: Syndicate 2427
Agile Underwriting Services Syndicate 2427, launched in May 2024, has completed its first year with strong underwriting performance, expanded product lines, and increased broker engagement, particularly focused on SME and mid-market segments.
Underwriting Performance and Growth Trajectory
The syndicate is on track for strong utilisation for the 2024 Year of Account, evidencing consistent market appetite and disciplined growth. It reports a growing underwriting pipeline extending into the second half of 2025 and throughout 2026, indicating ongoing expansion.
Product Lines
Initially focused on SME and mid-market business, Syndicate 2427 has expanded into property and marine markets in its first year. The property portfolio is managed with a clear strategy to limit exposure to natural catastrophe risks, demonstrating prudent risk selection. The syndicate is now expanding its product lines to include general aviation, accident and health, casualty, and other product lines.
Broker Engagement and Global Operations
Broker engagement has significantly increased globally, supported by new service companies and leveraging the syndicate’s regional underwriting infrastructure. Operations are anchored by senior class underwriters based in Sydney, Melbourne, and Brisbane, connecting global capacity with regional expertise to deliver scalable, locally relevant solutions. Managed by Davies-owned Asta under Lloyd’s ‘syndicate-in-a-box’ framework, the syndicate reflects a modern, digitally enabled, and regionally focused underwriting platform.
CEO Robin Barham emphasizes that the syndicate has successfully extended Agile’s global reach without compromising its agility and regional focus, highlighting a platform built for the future of insurance.
Regulatory Milestones
Agile Underwriting Services has received 'Permission to Underwrite' from Lloyd's for its Agile Underwriting Services Syndicate 2427 (AUS 2427), the final regulatory approval required to commence its underwriting business. Agile Insurance Group NZ will enhance Agile Underwriting Services' capability to service New Zealand business in general aviation, accident and health, casualty, and other product lines.
In summary, Agile Syndicate 2427 shows strong growth, robust underwriting results, expanded product offerings, and growing broker relationships with a clear regional and global strategy shaping its current and near-term trajectory. The syndicate continues to focus on SME and mid-market segments, with plans for the 2026 year of account well underway.
- Agile Underwriting Services Syndicate 2427 demonstrates a strong underwriting performance and is expanding its product lines, venturing into general aviation, accident and health, casualty, and other business segments within the finance industry.
- The syndicate's growth trajectory continues, with a growing underwriting pipeline extending into 2025 and 2026, signifying a significant increase in broker engagement, particularly in the events such as the SME and mid-market segments of the business industry.
