Asta, the Lloyd’s leading third party syndicate manager, announces that following Lloyd’s approval, the FCA/PRA has given final approval for Sirius s.1945 to migrate to Sirius International Managing Agency Limited (SIMA) from 01 July, 2014.

S.1945 commenced underwriting in 2011, with capital provided by Sirius International Corporation, a member of the White Mountains Insurance Group. The Syndicate writes Accident and Health, Property, Marine and Contingency. The Managing Agency will be lead by Mike Dashfield with Robert Harman as Active Underwriter.

Julian Tighe, CEO of Asta comments: “It is rare for a business model such as Asta’s to consider a client leaving as a success. However, it’s gratifying to have guided s.1945 to this final stage in the migration process. We wish Mike and his team every success in their future endeavours.”

Mike Dashfield, CEO of SIMA: “We’re extremely pleased that all our hard work coupled with steadfast backing from Asta has got us to where we are today. We similarly thank Lloyd’s for their support over the last few years. There are inherent benefits in operating within Lloyd’s and it’s a great time to be going it alone under our own managing agency.”

Press enquiries:

Michael Gaughan
Tel: +44 (0)20 7623 2368
Mob: +44 (0)7623 241 153
E-mail: Michael.gaughan@fwdpr.co.uk

Andrew Lyons
Tel: +44(0) 20 7623 2368
Mob: +44(0) 7976 909003
E-mail: Andrew.Lyons@fwdpr.co.uk

Notes to editors:

About Asta
Asta Managing Agency Ltd is the Leading Lloyd’s managing agent and is responsible for eight syndicates: Andy Doré s. 2526; Ariel s.1910; DL Dale s. 2525; ICAT s.4242; Channel s.2015; Nephila s. 2357; Axis s. 1686; Duncan Dale s. 1729 with capacity under management in 2014 to over £770million.

• 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 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