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.
Since 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.”
