Start or
grow your MGA
with Asta
Asta has been at the heart of the Lloyd’s market for over two decades, successfully launching over twenty new syndicates and eleven new managing agencies. As a natural evolution of our business model, we also make our skills, knowledge and expertise available to MGAs.
Explore Asta
A market-leading MGA platform
Asta Underwriting Management Ltd (AUML) is a Managing General Agent (MGA) that manages a number of Appointed Representatives (ARs) and other MGA clients.
If you’re a start-up or established MGA, AUML offers you and your capacity partners a full range of business support, including infrastructure, management and regulatory reporting. All you need to do is provide underwriting staff, strong ambition and a sound business plan.
AUML (via our Lloyd’s managing agency) also provides fast-track access to Lloyd’s via a Syndicate-in-a-Box for established MGAs seeking to reduce reliance on third party capacity, or who wish to achieve accelerated growth enabled by the product diversification
and wider distribution the market offers.
AUML uses Asta’s significant underwriting management, regulatory experience and practical capabilities.
Functions such as compliance, risk management, actuarial and finance are already shared across our syndicates, and we ensure that every task is handled in a cost efficient and transparent manner.
MGAs – who are we looking for?
- Innovative start-up businesses offering different types of product, distribution, services or operating model.
- Established, profitable MGAs/MGUs looking to take underwriting risk in their own business with the support of a high-quality MGA management solution.
- Single geography or product line underwriters that don’t possess the size or infrastructure to set up independently.
How do we support you?
- Business planning and launch.
- We’ll work with you to review and refine your business plan.
- If the best solution for your MGA is to operate at Lloyd’s, we’ll sponsor your Coverholder 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
With a wide-ranging team of specialist experts at your disposal we deliver everything your business needs and more – from Underwriting Management, Compliance, Actuarial and HR to Finance, Risk Management and IT – all under one roof, providing you with a truly complete solution.
Why work with Asta?
- You’ll have Appointed Representative status within weeks. We take care of all the oversight, governance and compliance this demands.
- You’ll have access to an established underwriting system. This handles reporting, rating, workflow and bordereaux management.
- You’ll have access to IT infrastructure. This will enable you to quickly get your business up and running.
- You’ll benefit from a low-cost standardised package of support and services tailored to your specific requirements.This will allow you to focus on underwriting.
- You’ll retain your independence and brand identity.
- You’ll benefit from economies of scale. This will give 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 MGA or any underwriting capital at risk. This means our sole focus is on meeting the needs of our clients who do.
Your gateway to Lloyd’s – the Syndicate-in-a-Box
If you’re an established MGA seeking to take risk into risk into your own business, a Syndicate-in-a-Box (SIAB) could be the solution you need to take your business to the next level.
SIAB benefits for MGAs:
- Fast approval and reduced Lloyd’s application fee.
- Reduced initial capital load proportionate to risks written.
- Proportionate oversight to reduce administration burden.
- Remote underwriting capability (no requirement to be based in London).
Your gateway to Europe
Our support extends to MGAs wishing to transact insurance business in the EEA.
Operating as an authorised representative (coverholder) of Lloyd’s Insurance Company S.A., Asta Europe SRL enables MGAs operating on our platform to distribute insurance business in the EEA from their UK office locations.
Asta Europe SRL is authorised and regulated as a mandated underwriter by the Financial Services and Markets Authority (FSMA) in Brussels. Asta
Europe (UK Branch) is an appointed representative of Asta Underwriting Management Limited.
Success through partnership
We don’t enter into partnerships lightly, and once working with you, you’ll find that our entire team is wholeheartedly on your side. They’ll provide the support and guidance you need from the start, and help you to understand and deal with any challenges along the way.
This uncompromising commitment is the reason why, over the last two decades, we have successfully launched and managed multiple insurance businesses in the UK and overseas.
A relationship that puts your ambition first
A breadth of experience that never compromises on quality or value
A service tailored to your exact requirements and business lifecycle
That’s the Asta Advantage.
Contact our team
We don’t enter into partnerships lightly, and once working with you, you’ll find that our entire team is wholeheartedly on your side. They’ll provide the support and guidance you need from the start, and help you to understand and deal with any challenges along the way.
This uncompromising commitment is the reason why, over the last two decades, we have successfully launched and managed multiple insurance businesses in the UK and overseas.
What our clients say
The team at Asta advised us on the best course for our launch and helped us establish the secure platform needed to support our future growth.
We needed the right partner that not only shared our vision, but worked with us to navigate the cultural, legal and regulatory obstacles.
The daunting process from original business plan to approval was managed calmly and confidently by the Asta team, and is testimony to their expertise in successfully bringing new businesses to market.