Asta is an approved Lloyd's managing agent and our principal activity is the start-up and management of Lloyd’s syndicates. We currently manage 9 Lloyd's syndicates and £1billion of capacity.
Asta is able to provide syndicate management on a permanent basis or under a turnkey arrangement leading to eventual migration to full independence and the syndicate's own managing agency platform.
Two decades ago Asta, under our previous name of Whittington, became the largest manager of Lloyd's run-offs and was the major provider of services to Equitas, the company formed by Lloyd's to reinsure the legacy liabilities of Lloyd's syndicates under the market's Reconstruction and Renewal programme.
Today we are the leading third party managing agent at Lloyd's, having helped pioneer the turnkey start-up model for Lloyd's syndicates over a decade ago. We have established 19 Lloyd's businesses with 100% track record on approvals from Lloyd's.
The insurance sector is constantly evolving and changing and the success story of Asta shows we can respond and adapt to change.