Our solutions – Syndicate
We work with aspiring new entrants to find the route into Lloyd’s that best meets your circumstances and objectives.
Syndicate – who is it for?
- Existing insurers seeking additional distribution via the Lloyd’s platform
- Innovative start-up businesses offering different products and distribution
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 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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Why work with Asta?
- You’ll need a managing agent to operate at Lloyd’s. Asta is the leading third party managing agent, having helped establish over twenty new syndicates over the last two decades.
- You’ll have your business launched and trading at Lloyd’s as quickly as possible. Typically within 9-12 months for a syndicate
- You’ll have the exact support and services your business needs. And you’ll only pay for what you use.
- You’ll benefit from economies of scale. Giving you access to a depth and breadth of expertise and experience that would be difficult to resource on your own.
- You’ll have our support at every stage of your lifecycle. Adapting it to your needs as your business changes and grows.
- You’ll benefit from our independence. Asta doesn’t have its own syndicate or any underwriting capital at risk which means our sole focus is on meeting the needs of our clients who do.
News, views and insights
Acrisure receives Lloyd’s in-principle approval for Asta-managed Flux syndicate 1985
Read the article >>
Catalina receives Lloyd’s in principle approval for new Asta-managed Syndicate 3232
Read the article >>
Volante obtains ‘in-principle’ approval for new Asta-managed syndicate at Lloyd’s
Read the article >>
Asta announces Mosaic, a new-breed, hybrid syndicate led by market veteran Mitch Blaser
Read the press release >>
