Definition:Sync Underwriting
🏢 Sync Underwriting is an Australian cyber-specialist underwriting agency (MGA) headquartered in Sydney, established in June 2024 and formally launched in February 2025 as an equity-partner agency within Rhodian Group's shared-equity underwriting network. Operating as a Corporate Authorised Representative of Halo Underwriting (AFS Licence No. 237267), the agency distributes and administers cyber insurance on Tokio Marine and Lloyd's paper, targeting Australian small and mid-sized businesses with revenue up to $500 million through a broker-distributed model.
🛡️ Product architecture. The Sync Cyber product offers a modular coverage schedule with standard first-party elements — business interruption with a 12-month indemnity period, contingent BI, cyber extortion, bricking loss, precautionary shutdown, reputational harm, system failure, social engineering loss, and push payment loss — alongside optional Cyber Crime and D&O elections. Packaged limit-of-liability options extend to $5 million on the proposal form, with marketed primary limits of $10 million and excess-of-loss opportunities. Embedded incident response is coordinated through Wotton Kearney and a panel of forensic, legal, PR, negotiation, and data restoration specialists.
📊 Ownership and positioning. Rhodian Group holds a meaningful equity position in its launched agencies and itself carries a minority investment from Amwins, though direct ownership of Sync Underwriting by Amwins is not stated. The agency differentiates on geographic focus (Australia-first), broker enablement via a quick-quote portal, feature-forward cyber wording, and operational leverage from Rhodian's centralized compliance, finance, and technology services. Key risks include capacity dependency on Tokio Marine and Lloyd's, aggregation exposure from correlated BI and system-failure covers, vendor concentration in incident response, and key-person concentration around the CEO.
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