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:
Agora Syndicate 3268, commenced underwriting as a standalone syndicate in 2018 based on the conversion of Skuld’s SPA 6126. The syndicate is backed by various direct corporates. The syndicate is property focused with a stamp capacity of £140m for 2021. The Active Underwriter is Mike Pritchard.
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. 2021 stamp capacity for 4242 is £225m. The Active Underwriter is Tom Milligan.
Blenheim Syndicate 5886, an independent syndicate backed by a mix of private names, trade and ILS capital sources, commenced underwriting in 2017. The syndicate underwrites Property Re/Insurance, Specialty Reinsurance and A&H. Stamp capacity is £325m for 2021. The Active Underwriter is John Hamblin.
Syndicate 4747 provides lead capacity to support partnerships with MGAs underwriting property and casualty business. Stamp capacity is £40.4 million for 2021. The Active Underwriter is Nicholas Tye.
CFC Syndicate 1988 commences underwriting insurance business at Lloyd’s from 1 July 2021. The syndicate is digitally based with no box at Lloyd’s and will write a fixed proportion of CFC’s MGA binder portfolio, with approximately £100m gross premium planned in year one. The classes of business written are Cyber & Tech, Professional Lines, Speciality Liability and Transaction Liability. The Active Underwriter is Matthew Taylor.
The Syndicate writes Property Re/Insurance, Casualty business and Specialty Insurance, a proportion of which is ceded to SPA 6131. In 2021, Stamp capacity for 1729 is £185m and stamp capacity for 6131 is £20m. The Active Underwriter is Dominic Peters.
Everest Syndicate 2786, a dedicated corporate syndicate backed by Everest Re Group, Ltd, commenced underwriting in 2016 and has a stamp capacity of £150m for 2021. The syndicate writes a diversified book of business and will form the hub of Everest Re’s international insurance operation. MPS SPA 1892 has a stamp capacity of £14.7m for 2021 and underwrites medical malpractice insurance introduced by the Medical Protection Society from its UK and international networks. The Active Underwriter is Neil Lightbown.
Visit MPS website
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 £86m for 2021. The Active Underwriter is Tony Ive.
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 2021 is £100m. The Active Underwriter is Charlie Mackay.
Pioneer Syndicate 1980 has ceased accepting new business for 2020 and will continue to be managed by Asta during its run-off.
Verto 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 £70.7m for 2021. The Active Underwriter is Peter Mills.
Victor Syndicate 2288 is approved to underwrite from 1st January 2020. The syndicate will underwrite property and casualty business in the US, UK, Italy, and the Netherlands. Stamp capacity is £50m for 2021. The Active Underwriter is Jill Frances.
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.