Our solutions:
Establish a Syndicate in a box

At Asta, we offer the Syndicate in a box (SIAB) model, an innovative pathway for entrepreneurial businesses to enter the Lloyd’s market efficiently and cost-effectively. This solution is tailored for those seeking a streamlined approach to underwriting within the prestigious Lloyd’s marketplace.

Who is it for?

Innovative start-ups
Businesses introducing unique products and distribution methods.

Established MGAs/MGUs
Significant managing general agents or managing general underwriters aiming to assume underwriting risk within their operations.

Specialist underwriters
Experts focusing on specific geographies or product lines who may not have the capacity to establish a traditional syndicate independently.

Expertise: industry-leading knowledge and support

Entry to Lloyd’s

Strategic planning
We evaluate your business model to ensure it aligns with Lloyd’s criteria for a SIAB, including innovative approaches and market fit.

Application sponsorship
Our team assists in preparing and submitting a robust application, navigating the faster approval timeline and reduced application fees associated with the SIAB framework.

Operational setup
We facilitate the establishment of your underwriting operations, ensuring compliance with Lloyd’s requirements and readiness to commence business promptly.

Ongoing support

Once your SIAB is operational, Asta provides comprehensive support to ensure sustainable growth and compliance:

Underwriting Oversight
We offer guidance to maintain underwriting discipline and adherence to agreed business plans.
Actuarial Services
Our experts deliver capital modelling, reserving, and pricing support tailored to your SIAB’s needs.
Financial Management
We handle finance, accounting, and regulatory reporting, leveraging proportionate oversight to reduce administrative burdens.
Regulatory Compliance
Ensuring your SIAB meets all necessary regulatory requirements, benefiting from exemptions available under the SIAB model.
Risk Management
We develop frameworks to identify and mitigate risks specific to your underwriting portfolio.
Information Technology
Providing IT infrastructure and systems support to streamline operations.
Company Secretarial
Establishing governance structures that comply with legal and regulatory standards.
Human Resources
Managing HR functions, including payroll and employee relations, to support your team effectively.

Why choose Asta?

Market leader in syndicate management
As the leading third-party managing agent at Lloyd’s, we have successfully launched and managed multiple SIABs, bringing innovative businesses into the market.

Tailored support
Our services are customized to meet the unique needs of SIABs, ensuring a cost-effective and efficient entry into Lloyd’s.

Regulatory expertise
We navigate the specific regulatory landscape of the SIAB framework, ensuring compliance and leveraging available efficiencies.

Proven track record
Our experience in guiding businesses through the SIAB process has resulted in successful market entries and sustainable growth.

Contact us

To explore establishing a syndicate-in-a-box at Lloyd’s, please talk to our team:

Lorraine Harfitt
Chief Executive Officer
Discover more about our range of solutions: