Australian-founded syndicate-in-a-box at Lloyd’s expands product lines and broker reach in year one
Agile has marked the one-year anniversary of Syndicate 2427 with strong underwriting performance, product expansion and increasing broker engagement across key international markets.
Launched under Lloyd’s syndicate-in-a-box initiative in May 2024 and managed by Asta, Syndicate 2427 was created to bring Agile’s tech-enabled, regionally grounded underwriting model into the Lloyd’s market.
A year later, Agile is forecasting high utilisation for its 2024 account, with disciplined growth across its SME and mid-market portfolios.
“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.”
Underwriters based in Sydney, Melbourne and Brisbane are leveraging local market knowledge and Agile’s digital infrastructure to serve international capacity efficiently. The syndicate has added property and marine to its product offering, building out a property book with a deliberate strategy to avoid natural catastrophe exposure.
New service companies have also been launched in the UK and New Zealand — the latter marking a first in the country — while the original MGA entity, Agile Australia, has now been converted into a Lloyd’s Syndicate Service Company.
“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 of Syndicate 2427. “Our focus remains on underwriting smartly, growing sustainably, and delivering solutions brokers can count on.”
The platform has enabled Agile to scale its binder capacity, broaden its territorial reach, and enter new lines while staying anchored to its SME-led strategy and digital-first approach, the company said. Demand from brokers continues to rise in the APAC region, particularly for tailored solutions for smaller and mid-sized risks, Agile added.
Planning for the 2026 year of account is already underway, with Agile committed to building on its combination of technology-driven operations and people-led underwriting.
“We’re not just expanding,” said Barham. “We’re growing with intent, and staying true to the principles that set Agile apart from day one.”
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