Asta

Greenlight Re to launch Asta-managed insurtech-focused SIAB

Greenlight Re has received approval to launch an insurtech-focused syndicate in a box (SIAB), managed by Asta.

Davies Group to acquire Asta

Davies Group has inked a deal to acquire Lloyd’s third-party managing agent Asta for an undisclosed sum.

Medical Protection Society’s SPA 1892 to become full syndicate for 2022

The Medical Protection Society’s Asta-managed Special Purpose Arrangement 1892 has received “in principle” approval to transition to a full syndicate with effect from 1 January next year.

Former Antares head Redmond joins Asta as NED

Former Antares active underwriter and managing director Stephen Redmond has joined the board at Asta Managing Agency.

Lloyd’s approves mutual-focused SIAB Picnic 2460

Lloyd’s has granted in-principle approval for the launch of Picnic Syndicate 2460, a syndicate in a box (SIAB) which will commence underwriting on 1 January 2021.

Asta adds former Aspen UK CEO Green to board

Lloyd’s third-party managing agent Asta has appointed Karen Green to its board of directors, as independent non-executive and chair of the risk committee.

Dale Underwriting Partners lift HDI Specialty A&H duo

Asta-managed Dale Underwriting Partners has appointed Steve Lawson and Lauren Meredith to enter the accident and health market, having received Lloyd’s approval to increase 2020 stamp capacity.

Conflict avoidance…

This week saw the announcement that Victor Syndicate 2288 will be the fourth new entrant to go live at Lloyd’s from 1 January 2020.

Blenheim 5886 secures 16% capacity increase

Asta-managed Blenheim Syndicate has received approval from Lloyd’s to increase its capacity to £250mn ($320.1mn) in 2020, up from £215mn in 2019.

Syndicate 2525 lead underwriter David Dale takes immediate six-month sabbatical

The long-standing lead underwriter of Lloyd’s liability specialist Syndicate 2525 has stepped down immediately for six months for “personal reasons”, The Insurer can reveal.

Axis hires Asta’s Godfrey for exposure management head

Axis Capital has appointed Alan Godfrey as head of group casualty and cyber exposure management, as the specialty insurer looks to develop a new exposure management function for non-natural catastrophe risks, The Insurer can reveal.

ProAssurance Lloyd’s topline rockets 90%

ProAssurance saw its gross written premium at Lloyd’s swell by 90 percent in the first quarter to $23.6mn on the back of new business written, primarily in the property space as well as an uptick in renewal business.

Jardine to become Asta chairman

The leading Lloyd’s Managing Agency for third-party syndicates, Asta, has appointed two senior London market figures to its board in the form of Paul Jardine and Bob Stevenson.

Skuld given green light for Lloyd’s 2019

Scandinavian marine insurer Skuld has had its Lloyd’s business plan approved for next year, Re-Insurance understands.

Securis engages with Asta in bid for 2019 Lloyd’s platform

ILS fund manager Securis has engaged the leading Lloyd’s third-party managing agent Asta to assist in its endeavours of continuing with a Lime Street underwriting platform next year, re-Insurance.com understands.

Ex-Pro owner puts 30% Asta stake up for sale

Third-party Lloyd’s managing agency Asta may see a change to its investor base after its listed 30 percent shareholder ACHP said it is “exploring options” for its holding.

Asta offloads its Pelican MGA to Manchester Underwriting

Asta has sold one of its managing general agents (MGA) Pelican Underwriting to Manchester Underwriting Management (MUM), a specialty-focused pen holder.