Our solutions – Syndicate-in-a-Box

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

Syndicate-in-a-Box – who is it for?

  • Innovative start-up businesses offering different products and distribution.
  • Significant, established MGAs/MGUs seeking to take underwriting risk into their own business.
  • Single geography or product line experts unable to set up independently.

Syndicate-in-a-Box – how is it different to a Syndicate?

  • Fast approval and reduced Lloyd’s application fee.
  • Reduced initial capital load proportionate to risks written. Option to defer enhanced Central Fund contributions until years four to six.
  • Proportionate oversight to reduce administration burden.
  • Remote underwriting capability (no requirement to be in London).
  • Business plans for years two and three will be automatically approved subject to no material change in initial plan.

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 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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To talk to us about establishing a Syndicate-in-a-Box at Lloyd’s please contact:

Keith Nevett

Head of Business Development
k.nevett@asta-uk.com

Julian Tighe

Asta Group Director
j.tighe@asta-uk.com

Simon Norton

Asta Group Director
s.norton@asta-uk.com

Find out more about our range of solutions: