Lloyd’s, the world’s leading speciality insurance and reinsurance market, is undertaking a revolutionary programme of change – known as “The Future at Lloyd’s” - designed to create the most advanced insurance marketplace in the world.
Asta has been at the heart of the Lloyd’s market for over two decades, successfully launching over 20 new syndicates and six new managing agencies throughout that time.
We currently manage ten Lloyd's syndicates, two SPAs and over £1 billion of capacity.
We work with aspiring new entrants to find the route into Lloyd’s that best meets your needs. Depending on your circumstances and objectives, we offer a range of bespoke solutions including a full “Traditional Syndicate”, a “Special Purpose Arrangement” (SPA) or the new “Syndicate-in-a-Box” - a faster, more streamlined way for new entrants to access the market.
Whichever route is chosen, to enter the Lloyd's market you will need to show that you can make a positive contribution to the franchise and meet rigorous suitability criteria.
All syndicates (including Syndicates-in-a-Box) and SPAs trading at Lloyd's require a managing agent. Asta can provide full management and support on a permanent basis or an arrangement that can lead to full independence and your own managing agency platform.
Asta can help ensure that any application will fit with Lloyd’s requirements. To assess the likely success of any proposal we focus on your proposed business plan, capital and people as well as the accretive value to both Lloyd’s and Asta.
We will then guide you throughout the Lloyd's entry process. We will also sponsor your application through the due diligence and decision stages, and manage the ‘making it happen’ phase until full approval to underwrite is obtained.