Ep 42 Coverholders in a box: Stephen Card of Carbon Underwriting

Today’s episode is all about another syndicate in a box. Back in
episode 16 I interviewed Stuart Newcombe, the active underwriter
of the Munich Re innovation Syndicate 1840 and the discussion was
all about technology and the implementation of pioneering
concepts such as parametric products. This episode is also about
the application of technology but this time it is being applied
to one of the most traditional elements of underwriting at
Lloyd’s - delegated authority. This route accounts for 40% of
Lloyd’s premiums and so any plan to revolutionise this method of
distribution will have repercussions that reverberate across the
London market and beyond. Stephen Card is the Founding partner
and CEO of Carbon Underwriting which has founded syndicate 4747.
A London market broking veteran, I first met Stephen 13 years ago
when he was running PWS, the London broker that was acquired by
THB in 2008. Stephen knows the Lloyd’s market inside and out and
this show and tell on what Carbon Underwriting is doing is a very
useful primer of what the future might look like for anyone
involved in the $18bn plus global Lloyd’s coverholder supply
chain. Abbreviations: DA= Delegated Authority LINK: We thank
Claims Direct Access (CDA) for their support today. Here is a
link to their website: https://www.claimsdirectaccess.com/