Our solutions – MGA
Using our experience of launching and managing a variety of businesses at Lloyd’s, we provide the same range of expertise and services to MGAs.
We offer you and your capacity partners a full range of business support, including infrastructure, management and regulatory reporting. All you need to do is provide underwriting staff, strong ambition and a sound business plan.
MGAs – who are we looking for?
- Innovative start-up businesses offering different types of product, distribution, services or operating model but without aligned underwriting capital.
- Established, profitable MGAs/MGUs looking to take underwriting risk in their own business with the support of a high-quality MGA management solution.
- Single geography or product line experts that don’t possess the size or infrastructure to set up independently.
How do we support you?
Business Planning and launch
- We’ll work with you to review and refine your business plan.
- If the best solution for your MGA is to operate at Lloyd's, we’ll sponsor your Coverholder application and support you through the due diligence and decision stages.
- We’ll then support you in “making it happen”; guiding you through the implementation of your plan before securing final approval for you to start underwriting.
Ongoing Support Once your MGA is established we’ll provide a flexible range of services and operational functions tailored to the precise needs of your business:
Underwriting Management
Oversight to support strong cycle management and underwriting discipline.
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Actuarial
Capital modelling, reserving and pricing.
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Finance
Finance, accounting and management, statutory and regulatory reporting.
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Regulatory Compliance
Full compliance with FCA, PRA, Lloyd’s and other regulatory requirements.
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Risk Management
Flexible risk management framework to meet the demands of multiple regulators.
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Information Technology
Solutions for IT infrastructure, systems, regulatory and operational requirements.
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Company Secretarial
Robust governance framework that complies with legislation and regulation.
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HR
Payroll, employee relations, employment contracts and reference checking.
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Why work with Asta?
- You’ll have Appointed Representative status. We take care of all the oversight, governance and compliance this demands.
- You’ll have access to an established underwriting system. This handles reporting, rating, workflow and bordereaux management.
- You’ll have access to IT infrastructure. Enabling you to quickly get your business up and running.
- You’ll benefit from a low-cost standardised package of support and services. This allows you to focus on underwriting.
- You’ll retain your independence and brand identity.
- You’ll benefit from economies of scale. Giving you access to a depth and breadth of expertise and experience that would be difficult to resource on your own.
- You’ll have our support at every stage of your lifecycle, adapting it to your needs as your business changes and grows.
- You’ll benefit from our independence. Asta doesn’t have its own MGA or any underwriting capital at risk which means our sole focus is on meeting the needs of our clients who do.
News, views and insights
Asta MGA platform launches Paul Witzenfeld facultative reinsurance venture
Read the press release >>
