Insurtech-Driven MGA, Agile, Appointed as StarStone Partner in Australasia

Agile Underwriting Services Pty Ltd., the insurtech-driven managing general agency (MGA) and Lloyd’s coverholder, announced it has been …

Agile Underwriting Services Pty Ltd., the insurtech-driven managing general agency (MGA) and Lloyd’s coverholder, announced 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 (in Australia) and Christchurch (in New Zealand), underwrites accident and health, aviation, cargo, cyber, financial lines, marine hull and marine liability as a Lloyd’s coverholder. Founded in 2015, Agile specializes in insurtech systems and delivery, providing online platforms to brokers and MGA’s that provide efficient access to capacity for smaller risks to reduce friction costs.

Robin Barham, who has served as StarStone Australia’s managing director since its establishment, is also the founder and CEO of Agile. 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.

“StarStone’s retention of Agile highlights the ongoing benefits for both businesses and our customers of our existing relationship,” Barham said. “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.”

“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,” commented David Message, StarStone’s Group CUO.

“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,” added Message.

StarStone is an international insurance group with six wholly owned insurance platforms, including Lloyd’s Syndicate 1301. StarStone is owned by Enstar Group Limited, the Trident V funds managed by Stone Point Capital LLC and Dowling Capital Partners I, L.P.

Source: Agile Underwriting Services

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InsurTech firm Agile to represent StarStone across all Syndicate 1301 specialty business

InsurTech underwriting agency, Agile Underwriting Services Pty Ltd, has been announced as a representative agent for international specialty insurer, …

InsurTech underwriting agency, Agile Underwriting Services Pty Ltd, has been announced as a representative agent for international specialty insurer, StarStone in Australia and New Zealand.

Starstone logoSince StarStone launched its Australian underwriting business in 2016, Agile has been a strategic partner, and this appointment follows a strategic review by StarStone.

Under the partnership, Agile will now represent StarStone across all speciality classes provided by Syndicate 1301. Currently, with its operations in Sydney, Melbourne, Brisbane and Christchurch in New Zealand, Agile underwrites Accident and Health, Aviation, Cargo, Cyber, Financial Lines, Marine Hull and Marine Liability as a Lloyd’s of London coverholder.

Robin Barham, Managing Director of StarStone Australia and founder and Chief Executive Officer (CEO) of Agile, is to remain the head of Agile and will be responsible for developing new business activity under a new facility that is to be managed by Agile, which will provide continued access to StarStone’s underwriting expertise, after the closure of the StarStone Australia office.

Barham commented: “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.”

StarStone’s Group Chief Underwriting Officer (CUO), David Message, added: “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.”

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