Carbon Underwriting Limited’s Syndicate 4747 expects gross written premium (GWP) to increase from GPB 150 million in 2023 to an expected GBP 204 million in 2024 across a staggering number of new product lines and geographies.
At the same time, the company also intends to continue developing and building its data-driven Lloyd’s property consortium, led by Carbon’s proprietary underwriting platform, Graphene.
The underwriting platform continues to be successfully adopted across the market
The company also intends to continue building its team, which grew from four in 2020 and now sits at 51 market-leading experts.
“Backed by a shared vision and a highly motivated team, we are on an incredible growth journey, and the approval of our 2024 business plan sets the stage for an exciting next phase. Carbon is changing the delegated underwriting world by implementing in-house technology that supports best-in-class underwriting, and we’re proud to bring together 51 incredible team members who in my view sets the standard for all syndicates at Lloyd’s,” said Carbon CEO Nick Tye.
Adding: “We fully intend to continue to deliver outstanding results, and the green light for our 2024 business plan from Lloyd’s for Syndicate 4747 is confirmation of our confidence and strength.
“This year we welcome new investment support through our partnership with Apiary Capital, which represents an important acceleration opportunity for us. As a team, we have a vision and we are succeeding as one .”