Carbon Underwriting targets US programme business from new syndicate

Carbon Underwriting’s move to establish a second syndicate at Lloyd’s—Syndicate 5757—was driven by growing opportunities within the US programme business market, Rob Crocker, active underwriter, Carbon Underwriting, told Monte Carlo Today.

He stresses that Syndicate 5757 isn’t just an expansion—it’s a strategic move to enhance its capabilities in this key area. It is aiming for gross written premiums (GWP) of £119 million in 2025, supported by a stamp capacity of £90 million. 

“Our broader goal is to manage nearly £400 million in GWP across Syndicate 4747 and 5757 by 2025, reinforcing our position as a leader in delegated authority business on a global scale,” Crocker said.

“We’re always looking for ways to expand our footprint.”

He added that the programme business sector represented an ideal place to leverage Carbon’s proprietary technology, Graphene. He said the US market’s scale offers numerous opportunities, but its approach is selective, concentrating on niches where its expertise in delegated authority business and advanced analytics can deliver results. “We believe this targeted approach will enable Syndicate 5757 to play a crucial role in our US growth.”

He added that the business is exploring further growth avenues. “Any decisions we make will be guided by market opportunities, but we’re always looking for ways to expand our footprint and enhance our offerings,” he concluded. 

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