Our solutions – Special Purpose Arrangement

We work with aspiring new entrants to find the route into Lloyd’s that best meets your circumstances and objectives.

Special Purpose Arrangement (SPA) – who is it for?

  • A business or capital provider seeking to gain exposure to underwriting at Lloyd’s and the additional distribution it offers.
  • Businesses seeking flexibility of either a cost-effective long-term partnership with a “host” syndicate, or migration to full syndicate over time.

SPA – how is it different to a Syndicate?

  • By utilising a “host” Lloyd’s syndicate under a quota share reinsurance arrangement, the application process is more streamlined and approval can be quicker.
  • £10m minimum GWP in year one.
  • Reduced Lloyd’s Application fee.

How do we support you?

Entry to Lloyd's

  • We’ll work with you to ensure your proposed business plan provides accretive value to Lloyd’s and meets with their entry requirements.
  • We’ll sponsor your 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 you’re established at Lloyd’s we’ll provide a package of flexible services within a standardised operating model but tailored to your captive where necessary.

Underwriting Management
Oversight to support strong cycle management and underwriting discipline.
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Capital modelling, reserving and pricing.
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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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Payroll, employee relations, employment contracts and reference checking.
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To talk to us about establishing a Special Purpose Arrangement at Lloyd’s please contact:

Keith Nevett

Business Development Director

Julian Tighe

Asta Group Director

Simon Norton

Asta Group Director

Find out more about the other solutions available for establishing your business at Lloyd’s: