LONDON: 28 April 2026 – Asta, the leading third-party managing agent at Lloyd’s, has further strengthened its Asta Managing Agency (AMA) board with the appointment of Nylesh Shah as independent non-executive director (iNED) with effect from 1 June 2026. Joining from the Prudential Regulation Authority (PRA), the appointment brings one of the most respected regulatory and actuarial voices in the London Market to Asta.

Shah joins with four decades of experience across the general insurance industry across consultancy, c-suite and senior regulatory roles. During his time spent at PwC, he developed significant expertise in Lloyd’s syndicate reviews, advising some of the London Market’s most complex organisations. Shah went on to hold senior executive roles at Wellington Underwriting, where he served as group chief actuary and at Catlin Group, where as deputy chief investment officer he oversaw the strategic management of an US$8bn investment portfolio.

Shah has worked at the PRA for the past decade and has held a number of leadership roles in the PRA’s supervision directorate including chief actuary for general insurance between 2021 and 2023 and most recently as Head of London Market supervision. During this time, he contributed to a number of significant developments in the PRA’s supervision and policy approach to the insurance sector.

Lorraine Harfitt, chief executive officer at Asta, said: “We are delighted to be able to welcome Nylesh to the AMA board and this is a significant appointment for us. Nylesh brings a wealth of insight and experience from his time spent within the industry and the PRA and his appointment will further strengthen our board and support the continued growth and evolution of Asta’s Lloyd’s platform. The deep understanding he has of the Lloyd’s market and the regulatory environment in which we operate will be hugely beneficial to Asta and our clients as we continue to expand our capabilities and offerings. We look forward to the perspective and expertise Nylesh will contribute as we pursue the next phase of our development.”