Asta Capital Ltd; the Lloyd’s leading third party syndicate manager, announces the appointment of its new Chief Operating Officer (COO) and Chief Financial Officer (CFO).

Julian Tighe, formerly Asta’s CFO, has been appointed as COO enabling him to focus on supporting Stephen Cane, CEO as they continue to develop Asta’s business. Replacing Julian is David Hunt who has joined as Asta’s new CFO. David was previously the head of M&A for the Tawa Group where he led the Consortium’s due diligence in relation to the acquisition of Asta.

Stephen Cane, Asta CEO, commented on the appointments:
“In the year since our sale was announced Asta has completed an ambitious set of growth and marketing objectives. This has included opportunistically seeking exceptionally talented individuals who can help to further strengthen our senior management team. David is one such person. I am delighted that Julian will be able to concentrate on supporting me more directly in developing Asta’s ambitious development”.

He continued: “I, with Asta’s senior management team have worked very closely with David during the acquisition of our business. Therefore, we have had the opportunity to witness at first hand his exemplary financial skills and expertise. We believe that David will be a great asset to our business going forward.”

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:

• Asta Insurance Markets Limited (formerly Whittington Insurance Markets Limited)
• Asta Managing Agency Limited (formerly Whittington Capital Management Limited)
• Asta Insurance Services Limited (formerly Whittington Insurance Services Limited)
• Asta Management Services Limited (formerly Whittington Management Services Limited)

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

Enquiries:

Michael Gaughan
Tel: 020 7623 2368
Mob: 07796 140963
E-mail: Michael.Gaughan@fwdpr.co.uk

Alexandra Thompson
Tel: 020 7623 2368
Mob: 07798 898277
E-mail: Alexandra.Thompson@fwdpr.co.uk