Carbon is a technology-enabled insurance underwriter operating in the Lloyd’s of London market.


Carbon is a managing general underwriter and Lloyd’s Syndicate that is embracing modern technology to enrich its services to its coverholder customers. Carbon focuses on the commercial property and casualty insurance sectors, placing business in Australia, Canada, the US and Europe, and manages risk through its proprietary data analytics platform, Graphene.

Carbon is led by founders Nick Tye, Ben Laidlaw and Jacqui Ferrier. The Chair is Rupert Atkin.


Investment strategy

The insurance sector is benefitting from technological innovation and Carbon’s model allows it to offer both a cost-effective underwriting service to its customers and a leading portfolio management solution. The commercial lines coverholder market is substantial and growing and Apiary’s investment will enable to Carbon to scale as it selects and manages an increasing number of coverholders.

Key details

Lloyd's Syndicate name
2023 Lloyd's capacity
Investment date
July 2023
Financial Services
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Apiary's insight and guidance will undoubtedly propel Carbon to new heights and help us to capitalise on opportunities in the market

Nick Tye
Co-founder & CEO