Asta is the leading third party managing agent at Lloyd’s, responsible for several Lloyd’s Syndicates, Syndicates-in-a-Box, Special Purpose Arrangements and MGA clients via Asta Underwriting Management Limited, our managing general agent.
Asta's current managed syndicates are listed below:
Beat Syndicate 4242 (formerly ICAT) commenced underwriting in 2007 with capital provided by a mix of aligned and non-aligned investors. Syndicate 4242 writes short tail property, treaty reinsurance and Technology risks. 2023 stamp capacity for 4242 is £325m and for SPA 1416, £65m. The Active Underwriter is Tom Milligan.
Carbon Syndicate 4747 provides lead capacity to support partnerships with MGAs underwriting property and casualty business. Stamp capacity is £105 million for 2023. The Active Underwriter is Nicholas Tye.
CFC Syndicate 1988 commenced underwriting insurance business at Lloyd’s on 1 July 2021. The syndicate is digitally based with no box at Lloyd’s and underwrites a fixed proportion of CFC’s MGA binder portfolio. The classes of business written are Cyber & Tech, Professional Lines, Speciality Liability and Transaction Liability. Stamp capacity for 2023 is £275m. The Active Underwriter is Matthew Taylor.
Everest Syndicate 2786, a dedicated corporate syndicate backed by Everest Re Group, Ltd, commenced underwriting in 2016 and has a stamp capacity of £320m for 2023. The syndicate writes a diversified book of business and will form the hub of Everest Re’s international insurance operation. The Active Underwriter is Robert Crocker.
GRI Syndicate-in-a-Box 3456 enables Greenlight Re to provide capacity to its growing portfolio of insurtech partnerships. Stamp capacity is £31.3 million for 2023. The Active Underwriter is Andy Gladwin.
Hampden Risk Partners Syndicate 2689, commenced underwriting in 2017 and is capitalised by investors advised by Hampden Agencies. The syndicate writes proportional reinsurances of Lloyd’s syndicates and other insurance entities. Stamp capacity is £71.5m for 2023. The Active Underwriter is Chris Sharp.
Ive Syndicate 2525, commenced underwriting in 2000 with capital provided by a mix of third party corporate and individual names. The Syndicate writes Employers and Third Party Liability business. Stamp capacity is £115m for 2023. The Active Underwriter is Tony Ive.
MCI Syndicate-in-a-Box 1902 commenced underwriting on 1st January 2022 and underwrites write three core classes of business: life science and clinical trials, medical malpractice, and commercial liability. Stamp capacity for 2023 is £52.7m. The Active Underwriter is Phil Trafford.
MIC Syndicate-in-a-Box 5183 received Lloyd’s approval to underwrite on 10 June 2022. Stamp capacity for 2023 is £27.5m. The syndicate will focus on simple, customer centric micro insurance products distributed through commercial clients and platform partners. The Active Underwriter is Erik Johnson.
Mosaic Syndicate 1609 commenced underwriting on 4th February 2021. The syndicate underwrites M&A, political risk, terrorism, environmental, professional indemnity, financial institutions, and cyber through service companies in London, the US, Bermuda, and Asia. Stamp capacity for 2023 is £267.9m. The Active Underwriter is Charlie Mackay.
MPS Syndicate 1892 commenced in 2019 and transitioned to a syndicate which started underwriting on 1st January 2022 and underwrites medical malpractice insurance introduced by the Medical Protection Society Group from its UK and international networks. Stamp capacity for 2023 is £20.7m. The Active Underwriter is Martin Burns.
OIC Syndicate-in-a-Box 2880 will support Oman Insurance Company’s regional and international distribution by providing additional lead and follow capacity on facultative business. Stamp capacity is £31 million for 2023. The Active Underwriter is Christopher Wildee.
Parsyl Syndicate-in-a-Box 1796 has a stamp capacity of £20m for 2023. The Active Underwriter is Gavin Spencer.
Trium Cyber Syndicate 1322 has a stamp capacity of £33.7m for 2023. The Active Underwriter is Jeff Bores.
Victor Syndicate 2288 has ceased accepting new business for 2022 and will continue to be managed by Asta during its run-off.
Volante Syndicate 1699 commenced underwriting on 1st January 2022 and underwrites eight classes of business across five continents. Stamp capacity for 2023 is £194.6m. The Active Underwriter is Roshni Lillies.
Our MGA Clients
Asta's current managed MGA clients are listed below:
Arma launched in May 2017 and is an approved Lloyd’s coverholder that writes multi-line (re)insurance business backed by A+ rated Lloyd’s security. Arma has close relationships with brokers and cedants in Middle East and Africa markets, to target individual risks as well as portfolio-driven strategies. The initial business lines are property (including Terrorism and Jewellers’ block), Liabilities, Energy, Personal Accident and Motor.
ARTes Specialty Ltd launched in Q4 2021. At launch it specialises in Contractors’ Plant & Machinery writing globally. ARTes is an approved Lloyd’s coverholder. The CEO is Chris Thomas.Visit Website
David Ashby Underwriting Ltd (DAU) MGA launched at the beginning of 2020. DAU is a specialist in the equine class of business and is an approved Lloyd’s coverholder. DAU write globally including the permissions to write in Europe. The first cell of the BPB UW underwriting agency. The CEO is David Ashby.Visit Website
Paul Witzenfeld has 45 years of experience in the market. Launched in Q2 2021 Paul is placing Property Facultative Reinsurance with a focus on primary and first-layer placements. The business is supported by company market capacity.