Australia’s Agile is launching a New Zealand unit to support its new Lloyd’s syndicate

Agile Underwriting Services, the Sydney, Australia-based insurtech managing general agent and coverholder for Lloyd’s, has launched a facility in New Zealand, which Agile described as the first of its kind for a Lloyd’s syndicate .

The establishment of Agile Insurance Group NZ enhances Agile’s ability to serve New Zealand businesses in general aviation, casualty and health, casualty and professional, the company said.

This deal marks a new strategic milestone for Agile, an Australian insurance group established in 2015. Earlier this year, Agile launched a Lloyd’s syndicate – Agile Underwriting Services Syndicate AUS 2427 – set up as a syndicate-in-a-box ( SIAB) framework. It is managed by Asta, a third party managing agent at Lloyd’s.

“Establishing our presence in New Zealand is a significant step forward in developing Agile’s capability and market offering,” Agile CEO Robin Barham said in a statement. “The strength of our presence in the Pacific, combined with our innovative IT platforms, demonstrates our continued efforts to expand our offerings and support our New Zealand customers.”

The launch of a New Zealand entity solidifies Agile’s position at the forefront of Lloyd’s business in the Pacific region and paves the way for further geographic expansion, the company said.

“We see the New Zealand market as a critical element in our development and this ground-breaking initiative gives brokers new capacity options and access to Agile’s adaptive solutions that reflect the region’s unique requirements,” commented Mark Hunt, the syndicate’s active underwriter. which has four decades of industry expertise.

Source: Agile Underwriting Services

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Lloyd’s Australia Excess Surplus