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Carbon Syndicate 5757 is a technology-first proposition built around its proprietary ecosystem, Graphene. The new syndicate will focus solely on US programme business. By leveraging process and its technology Graphene, Carbon aims to drive innovation and deliver high-quality underwriting in this dynamic and data-rich market. 

Syndicate 5757 will be managed by Asta, the leading third-party managing agent at Lloyd’s, which was also responsible for the launch of CBN 4747, one of the first Lloyd’s syndicates-in-a-box (SIABs). The launch of Syndicate 5757 further endorses Asta’s cost-effective third party managing agency model and its important role in supporting a route into Lloyd’s for entrepreneurial underwriters.

Carbon Founder and CEO Nick Tye said: “We are thrilled to receive ‘in-principle’ approval from Lloyd’s for Syndicate 5757. This is a significant development to our offering as we look to access the expansive US programme market. The US market’s size and scale is  incredibly exciting, and our data-driven approach positions us as market leaders for portfolio underwriting in  this territory. We can evidence that superior data drives superior insights, and we look forward to continuing to achieve market-leading underwriting results for both ourselves and our partners as we continue to grow.”

Lorraine Harfitt, Asta CEO, added: “Carbon’s latest success highlights the strength of Asta’s partnership approach, not just in launching new underwriting businesses, but also in our commitment to supporting our clients’ strategic growth initiatives. This approval of Syndicate 5757 as Carbon’s second syndicate at Lloyd’s is a testament to the Carbon team’s innovative vision. We are excited to continue our collaborative efforts and look forward to achieving even greater milestones together in the future.”

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Notes to Editors

About Carbon Underwriting

Carbon Underwriting Limited (Carbon) operates as Syndicate CBN 4747 at Lloyd’s.

Carbon set out in 2018 with a mission to transform the world of delegated underwriting and with a vision to set a global benchmark. We are a dynamic company and recognise the importance of embracing modern technology to deeply enrich our offering. We have pioneered a game-changing, bespoke approach using an open underwriting model where data drives improved underwriting performance creating superior analysis and fluidity of portfolio management. This is administered through our in-house technology ecosystem, Graphene. For more information, please visit: www.carbonuw.com/

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