Asta; the Lloyd’s leading third party syndicate manager is proud to announce that it won the Re/Insurance Initiative of the Year at last night’s Worldwide Reinsurance Awards in recognition of the launch of Syndicate 2357, backed by Nephila Capital.

The Awards, held at The Dorchester and now in their 20th year honour excellence in the insurance and reinsurance industry across a wide range of categories. Asta’s winning application impressed the judges due to the development of an innovative new insurance product in the launch of Syndicate 2357, especially apparent at times of economic strain.

Julian Tighe, Asta COO, comments: “In its Vision 2025 plan, Lloyd’s pledged to be a market where entrepreneurialism and innovation can thrive. As the only Lloyd’s syndicate dedicated to index-based products, s.2357 is exactly in line with this vision as it introduces a new product to the London market that will complement, rather than compete with, current products and business lines. We sincerely thank the judges for the recognition this award has afforded us.”

Frank Majors, Nephila’s founder and Active Underwriter for s.2357 concludes: “Nephila Capital and Asta have joined together to launch s.2357 with the aim of combining their respective fields of expertise to create a business model that is truly distinctive. Nephila Capital is the oldest and largest investment fund specialising in catastrophe risks and I look forward to the next few years working closely with Asta.”

Notes for Editors

About Asta
Asta Managing Agency Ltd is the leading Lloyd’s third party manager of syndicates with over £700 million of gross underwriting capacity under management and is responsible for seven syndicates: Ariel (formerly Arrow) s.1910; Sirius s.1945; Channel s.2015; Nephila s. 2357; Dale s.2525; Doré s.2526 and ICAT s.4242.

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 Insurance Services Limited: provides insurance services to the corporate market and includes the run-off management of HIH (UK).
The name Asta originates from Greek and means “like a star”. For more information visit www.asta-uk.com

Enquiries:

Andrew Lyons
Tel: 020 7623 2368
Mob: 07823 555673
E-mail: Andrew.Lyons@fwdpr.co.uk