Carbon Underwriting Limited (Carbon) the specialist, independent managing general underwriter (MGU), announces that UK private equity firm Apiary Capital (Apiary) has completed a significant strategic investment in Carbon. Apiary’s investment will support Carbon’s management team in continuing to maintain its strong growth momentum as the Lloyd’s benchmark of excellence for Delegated Underwriting Authority business, delivering on its mission to transform the international coverholder market.
Nick Tye, CEO at Carbon, said: “We are delighted to welcome Apiary’s strategic investment in Carbon Underwriting – this is a pivotal moment that we are confident will help accelerate our transformative impact on the market as we drive towards a data-driven Coverholder future. This investment will support our expansion including the development of our underwriting platform and proprietary technology platform, Graphene, as well as investing in our people.
At Carbon, we set out in 2018 with a mission to revolutionise the world of delegated underwriting and establish a global benchmark. We understand the significance of embracing modern technology to enhance our offering, and our in-house technology ecosystem, Graphene, has been instrumental in achieving this vision.
We are delighted to have the support of Apiary Capital, known for their expertise in accelerating business development at innovative companies across many sectors. Their insight and guidance will undoubtedly propel Carbon to new heights and help us to capitalise on opportunities in the market.
We are poised to shape the future of underwriting, delivering unmatched value to our partners and setting new standards in the industry. The future is bright, and we are excited to embark on this next phase in our journey of transformation and growth.”
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