Asta, the leading third-party managing agent at Lloyd’s, today announces Agora Syndicate 3268 has received approval from Lloyd’s to commence underwriting business attaching on or after 1 January 2018. Agora Syndicate 3268 will be managed by Asta and privately capitalised by a number of well-known industry players.

Agora Syndicate 3268 has planned gross premium of £98m for 2018 and its active underwriter will be Mike Pritchard. It will underwrite property business with a focus on direct & facultative, binders and treaty business worldwide.

Agora was initially launched as Special Purpose Arrangement (SPA) 6126 in 2016. Syndicate 3268 received ‘in principal’ approval from Lloyd’s Franchise Board in September this year.

Agora CEO Mike Pritchard said: “Since launching in 2016, our long-term ambition has been to establish Agora as a market-facing syndicate. I am very pleased to confirm that we will commence underwriting business as Agora Syndicate 3268 in the new year. This is evidence of our success, market expertise and the hard work of the team. I look forward to continuing the Agora story with the team and the support of all our capital partners and managing agent Asta.”

Julian Tighe, CEO at Asta, added: “Over the past two years, Agora has undergone measured and sustainable progress. It has been a pleasure to see Mike and his team develop such a strong book of business from the ground up. We are very pleased that Agora has received approval to underwrite as a market-facing syndicate. We look forward to continuing to work with the Agora team and provide underwriting management, regulatory and business support, which will help ensure its success into 2018 and beyond.”

For further information, please contact:

Haggie Partners

Damian Beeley
Tel: + 44 20 7562 4444
Damian.beeley@haggie.co.uk

Samantha Whiteley
Tel: + 44 20 7562 4444
Samantha.whiteley@haggie.co.uk

Colette La Pointe
Tel: + 44 20 7562 4444
Colette.lapointe@haggie.co.uk

Notes for Editors

About Asta
Asta Capital Limited is the parent company of:

• Asta Insurance Markets Ltd
• Asta Managing Agency Ltd
• Asta Insurance Services Ltd
• Asta Management Services Ltd
• Asta Underwriting Management Ltd

Asta Managing Agency Ltd is the leading third party managing agent at Lloyd’s and is responsible for nine syndicates with capacity under management in 2017 of approximately UK£1bn:
Syndicate 1729 (Dale Underwriting Partners)
Syndicate 1897 (Skuld), SPA 6126
Syndicate 2357 (Nephila)
Syndicate 2525 (DL Dale & Others)
Syndicate 2689 (Verto)
Syndicate 2786 (Everest)
Syndicate 4242 (ICAT), SPA 6123 (ICAT)
Syndicate 5886 (Blenheim)

MGAs
Asta Underwriting Management Limited (AUML) launched in 2015, making the skills, experience and capabilities behind Asta’s success as the leading third party managing agency at Lloyd’s available, for the first time, to the MGA market.
MGAs under management:

• Pelican Underwriting Management
• OverArk Limited