Agile Underwriting Services Pty Ltd (“Agile”), the InsureTech-driven underwriting agency, today announced that 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 and Christchurch, New Zealand, already underwrites Accident and Health, Aviation, Cargo, Cyber, Financial Lines, Marine Hull and Marine Liability as a Lloyd’s coverholder.
Robin Barham, who has served as StarStone Australia’s managing director since its establishment, is also the founder and CEO of Agile. Mr. 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.
Barham said: “StarStone’s retention of Agile highlights the ongoing benefits for both businesses and our customers of our existing relationship. 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.”
David Message, StarStone’s Group CUO, said: “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. 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.”
Founded by a team of insurance and technology veterans in 2015, Agile Underwriting Services Pty Ltd employs 13 people across Australia in NSW, Victoria, Queensland and in Christchurch NZ. Independently owned and underwriting Accident and Health, Aviation, Cyber, Financial Lines and Marine, Agile operates as a Managing General Agent and Lloyd’s Coverholder. Also specialising in InsureTech systems and delivery, Agile provides online platforms to brokers and MGA’s that provide efficient access to capacity for smaller risks to reduce friction costs.
StarStone is an international, A- rated insurance group with six wholly owned insurance platforms, including Lloyd’s Syndicate 1301. StarStone underwrites business across the Property, Specialty and Casualty risk classes from operations in London, Continental Europe, Australia and the US. StarStone is owned by Enstar Group Limited, the Trident V funds managed by Stone Point Capital LLC and Dowling Capital Partners I, L.P. For further information about StarStone, see www.starstone.com
Founder and CEO, Agile