Our solutions:
Establish a Special Purpose Arrangement (SPA)

A Special Purpose Arrangement (SPA) provides an efficient and cost-effective route into the Lloyd’s market for businesses seeking to participate in the underwriting of specific portfolios without the need to establish a full syndicate. Asta supports sponsors in structuring and managing SPAs, ensuring a streamlined and successful operation.

Who is it for?

  • Investors looking to deploy capital in Lloyd’s through a structured, lower-cost mechanism.
  • Existing Lloyd’s syndicates seeking to optimise their capital structure by ceding specific books of business to an aligned underwriting entity.
  • Businesses with specialist underwriting expertise that want to participate in a focused risk portfolio without the overhead of a full syndicate.

What we offer

Asta provides full lifecycle support for SPAs, from structuring and launch to ongoing management.

Entry to Lloyd’s

Structuring advice
We help define the optimal structure for your SPA to align with business objectives and Lloyd’s requirements.

Application process
Our expertise ensures a smooth approval process, guiding you through due diligence and regulatory compliance.

Implementation support
We assist in setting up underwriting, governance, and operational frameworks to ensure a successful launch.

Ongoing support

Once your captive syndicate is established, we offer a suite of tailored services, including:

Underwriting Oversight
Ensuring the SPA operates within agreed risk parameters and underwriting strategies.
Regulatory Compliance
Managing compliance with Lloyd’s and other regulatory bodies.
Financial management
Handling capital efficiency, reserving, and financial reporting.
Operational support
Delivering essential functions, including bordereaux management, IT systems, and data analytics.

Why choose Asta?

Proven experience
We have successfully structured and managed multiple SPAs within Lloyd’s.

Efficient market entry
We simplify the process, ensuring a rapid and compliant route into Lloyd’s.

Comprehensive support
From capital efficiency to operational excellence, we provide end-to-end solutions.

Strategic advantage
An SPA with Asta enables you to participate in Lloyd’s with minimal setup costs and efficient risk allocation.

Contact us

To explore establishing a Special Purpose Arrangement at Lloyd’s, please talk to our team:

Lorraine Harfitt
Chief Executive Officer
Discover more about our range of solutions:
Syndicate at Lloyd’s
Syndicate in a box (SIAB)
Captive syndicate
Develop your MGA