Asta Managing Agency Ltd; the Lloyd’s leading third party syndicate manager, is pleased to confirm that subject to final Lloyd’s approval, management of ICAT Syndicate 4242 will migrate to Asta as of January 1 2013.
Syndicate 4242 maintains a stamp of £80M, and is in its 6th year of underwriting at Lloyd’s. ICAT is a leading provider of property insurance to businesses and residential property owners located in hurricane and earthquake exposed regions of the United States. ICAT assists businesses and people to recover from natural disasters and provides best‐of‐market products and services to its policyholders, agents and brokers.
The Syndicates transfers from Chaucer Syndicates Limited.
Commenting on their transfer to Asta, Greg Butler, the Active Underwriter for ICAT said: “We are very pleased to have this opportunity to move our business forward with Asta, a managing agency with a proven track record for supporting syndicates as they grow. In 2013 we are excited about new opportunities to build on our existing successful business model.”
Stephen Cane, Chief Executive for Asta added: “We welcome the whole 4242 team to Asta and look forward to working with them to help grow the business further and to build on their excellent track record.”
Notes for Editors
Asta is the new name of the UK businesses of the Whittington Group, which were sold at the beginning of 2012 to a consortium of investors consisting of Paraline, Skuld and Tawa.
Asta Capital Limited is the parent company of:
Whittington remains the trading name of the former parent company, which continues to operate from its offices in Singapore.
Asta Managing Agency Limited: is an approved Lloyd’s managing agent and is responsible for five syndicates: Ariel (formerly Arrow) s.1910; Sirius s.1945; Channel s.2015; Dale s.2525 and Doré s.2526.
Asta Insurance Services Limited: provides insurance services to the corporate market and includes the run-off management of HIH (UK).
For more information visit www.asta-uk.com
Tel: 020 7623 2368
Mob: 07796 140963
Tel: 020 7623 2368
Mob: 07798 898277