Asta, the leading third party managing agent at Lloyd’s, today announced it has appointed its chief actuary, Richard Barke, to serve on its Lloyd’s Managing Agency board, subject to regulatory approval.

Barke joined Asta in 2011. He was made deputy chief actuary 2 years later before being promoted to chief actuary in 2015. He began his career in 2003 as an actuarial graduate at KPMG before moving to Aspen Re as a reserving actuary in 2007.

Since joining Asta, he has been responsible for managing all actuarial activities across the business including devising and implementing Solvency II compliant capital models for 15 individual Asta-managed syndicates and SPAs.

Julian Tighe, chief executive, Asta said: “Richard is an extremely talented and experienced actuary and a valuable member of the Asta team. His expertise in building, leading and evolving actuarial operations across our business has been invaluable in ensuring all Asta-managed syndicates hold Solvency II compliant capital models. I am pleased to announce his appointment to the Asta Managing Agency board.”

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 10 syndicates and two SPAs with capacity under management in 2018 of more than UK£1bn:

• Syndicate 1729 and SPA 6131 (Dale Underwriting Partners)
• Syndicate 1897 (Skuld)
• Syndicate 2357 (Nephila)
• Syndicate 2525 (DL Dale & Others)
• Syndicate 2689 (Verto)
• Syndicate 2786 (Everest)
• Syndicate 4242 and SPA 6123 (Paraline)
• Syndicate 5886 (Blenheim)
• Syndicate 3268 (Agora)
• Syndicate 1980 (Pioneer)

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
• Arma Underwriting Limited