Asta News

Agile Underwriting Gets ‘In-Principle’ Approval to Launch Lloyd’s Syndicate

Agile Underwriting Services has received “in-principle” approval from Lloyd’s to create Agile Syndicate 2427, subject to regulatory approvals. Syndicate 2427 will be established under the “syndicate-in-a-box” (SIAB) framework and be managed by Asta through its third-party managing agency platform at …

Mosaic Insurance Opens Singapore Office, Hiring 2 Specialty Underwriters

Mosaic Insurance has opened an office in Singapore and hired two specialty underwriters to build its transactional liability business across the Asia-Pacific region. Benn Wilson will serve as regional CEO, and head of Asia for Mosaic’s transactional liability division. Joining …

Lloyd’s Third-Party Managing-Agent Asta Opens Service Company in Singapore

Asta, the leading third-party managing agent at Lloyd’s, announced it is strengthening its global presence by establishing a service company in Singapore. With the Asian market presenting extensive opportunities, Asta has launched a service company that will enable clients easily …

Hampden Rebrands Syndicate 2689 as Hampden Risk Partners, Changes Business Mix

Hampden Group announced the rebranding of Verto, its follow-only syndicate, to Hampden Risk Partners. The rebrand better identifies the syndicate with the Hampden Group and focuses its purpose in terms of its relationships both with underwriting partners and capital support, …

Lloyd’s Gives Green Light to Asta-Managed Trium Cyber Syndicate 1322

Asta, the third-party managing agent at Lloyd’s, announced that Trium Cyber, a new risk carrier backed by Jim Stanard’s Pelican Ventures, has received “in principle” approval from Lloyd’s. Trium Cyber Syndicate 1322 expects to write $50 million of gross premiums …

Acrisure Receives Nod From Lloyd’s to Launch Syndicate 1985, Managed by Asta

Asta, the third-party managing agent at Lloyd’s, and Acrisure announced that Lloyd’s has granted “in principle” approval for the launch of Flux Syndicate 1985, which will commence underwriting on Jan. 1, 2023. Flux is expected to generate gross written premium …

Catalina Gets Lloyd’s ‘in Principle’ Approval to Launch Asta-Managed Syndicate 3232

Asta, the third-party managing agent at Lloyd’s, and Bermuda-based Catalina Group, a global provider of legacy reinsurance and capital solutions, announced that Lloyd’s have granted “in principle” approval of a new syndicate to underwrite reinsurance-to-close (RITC) transactions, within the Lloyd’s …

Oman Insurance Co. Receives Nod to Underwrite via Lloyd’s Syndicate-in-a-Box

Oman Insurance Co. (OIC) and Asta, the third-party managing agent at Lloyd’s, announced that OIC’s syndicate 2880 has received Lloyd’s approval to commence underwriting. Syndicate 2880 was launched under the syndicate-in-a-box (SIAB) initiative and the syndicate will operate on the …

Asta and JPO Consulting Launch ARTes, an MGA Specializing in U.S. Inland Marine

Asta, the third-party managing agent at Lloyd’s, and JPO Consulting, announced the launch of ARTes Specialty Ltd., an independent UK-based managing general agent (MGA), wholly owned by its founders and directors. Co-founded by Chris Thomas, chief executive officer, and Richard …

Greenlight Re Innovations Gets ‘In-Principle’ Nod to Launch Lloyd’s Syndicate

Greenlight Re Innovations (GRI), part of Cayman Islands-headquartered Greenlight Capital Re Ltd., has received “in-principle” approval from Lloyd’s to establish an insurtech-focused syndicate. Syndicate 3456, which will commence operations in the second quarter of 2022, will be established under Lloyd’s …