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Asta Managing Agency Ltd (Asta) has today confirmed that the Lloyd’s Franchise Board has granted ‘in principle’ approval for them to establish and manage a new dedicated corporate syndicate backed by Everest Re Group, Ltd, with initially £102m gross premium for 2016. |
Everest and Asta are working to secure the final approvals to commence underwriting business incepting January 1, 2016. The new syndicate will write a diversified book of business and will be the hub of Everest’s international insurance operation. The business will be predominantly new to Lloyd’s. The Active Underwriter will be Andrew Carrier. |
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