The establishment of a New Zealand entity solidifies Agile’s position at the forefront of Lloyd’s business in the Pacific region and paves the way for other geographic expansion.
Sydney: Agile Underwriting Services has established a presence in New Zealand, the first of its kind for a Lloyd’s syndicate. With the establishment of Agile Insurance Group NZ, Agile enhances its capability to service New Zealand business in its general aviation, accident and health, casualty and professional lines.
This venture marks a further strategic milestone for Agile, an Australian insurance group established in 2015, known for its leading technological capability and digital distribution prowess. Earlier this year, Agile launched its own Lloyd’s syndicate – Agile Underwriting Services Syndicate AUS 2427, which is established under the ‘syndicate-in-a-box’ (SIAB) framework and is managed by Asta, the leading third-party managing agent at Lloyd’s.
Robin Barham, CEO of Agile, said: “The establishment of our presence in New Zealand is a significant advance in the development of Agile’s capability and market offering. The strength of our Pacific presence combined with our innovative IT platforms demonstrate a continuation of our drive to expand our offerings and support our New Zealand customers.”
The establishment of a New Zealand entity solidifies Agile’s position at the forefront of Lloyd’s business in the Pacific region and paves the way for other geographic expansion.
Mark Hunt, the syndicate’s active underwriter with four decades of industry expertise, said: “We see the New Zealand market as a critical element in our development, and this ground-breaking initiative offers brokers new capacity options and access to Agile’s adaptive solutions that reflect the region’s unique demands.”