The new syndicate’s primary focus will be on the US programme business. Credit: evan_huang/Shutterstock.

Carbon Underwriting, a managing general underwriter, has received in-principle approval from Lloyd’s for the launch of Syndicate 5757. 

The new syndicate is set to commence operations on 1 January 2025.  

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Carbon calls this development a “significant milestone” as it establishes its second syndicate within the Lloyd’s market, expands its footprint and bolsters its position in the delegated authority business globally. 

Syndicate 5757 will be a technology-driven entity, centred around Carbon’s proprietary Graphene ecosystem.  

The new syndicate’s primary focus will be on the US programme business, aiming to utilise its technological capabilities to drive innovation and offer high-quality underwriting services. 

This syndicate will be managed by Asta, a third-party managing agent at Lloyd’s, which also facilitated the launch of Carbon’s first syndicate-in-a-box, CBN 4747.  

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

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.” 

Asta CEO Lorraine Harfitt said: “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.” 

Carbon’s move to expand with Syndicate 5757 follows an undisclosed investment from Apiary Capital, a UK-based private equity company, in July 2023.