Our solutions – Syndicate-in-a-Box We work with aspiring new entrants to find the route into Lloyd’s that best meets your circumstances and objectives. Syndicate-in-a-Box – who is it for? Innovative start-up businesses offering different products and distribution. Significant, established MGAs/MGUs seeking to take underwriting risk into their own business. Single geography or product line experts unable to set up independently. Syndicate-in-a-Box – how is it different to a Syndicate? Fast approval and reduced Lloyd’s application fee. Reduced initial capital load proportionate to risks written. Option to defer enhanced Central Fund contributions until years four to six. Proportionate oversight to reduce administration burden. Remote underwriting capability (no requirement to be in London). Business plans for years two and three will be automatically approved subject to no material change in initial plan. Entry to Lloyd’s We’ll work with you to ensure your proposed business plan provides accretive value to Lloyd’s and meets with their entry requirements. We’ll sponsor your 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 Once you’re established at Lloyd’s we’ll provide a flexible range of services and operational functions tailored to the precise needs of your business: Underwriting Management Oversight to support strong cycle management and underwriting discipline. Find out more Actuarial Capital modelling, reserving and pricing. Find out more Finance Finance, accounting and management, statutory and regulatory reporting. Find out more Regulatory Compliance Full compliance with FCA, PRA, Lloyd’s and other regulatory requirements. Find out more Risk Management Flexible risk management framework to meet the demands of multiple regulators. Find out more Information Technology Solutions for IT infrastructure, systems, regulatory and operational requirements. Find out more Company Secretarial Robust governance framework that complies with legislation and regulation. Find out more HR Payroll, employee relations, employment contracts and reference checking. Find out more To talk to us about establishing a Syndicate-in-a-Box at Lloyd’s please contact: Keith Nevett Head of Business Development k.nevett@asta-uk.com Julian Tighe Chief Executive Officer j.tighe@asta-uk.com Simon Norton Chief Underwriting Officer s.norton@asta-uk.com Find out more about our range of solutions: Syndicate >> How Lloyd's works > Why work with Asta? You’ll need a managing agent to operate at Lloyd’s. Asta is the leading third party managing agent, having helped establish over twenty new syndicates in the last two decades. You’ll have your business launched and trading at Lloyd’s as quickly as possible. Typically within 3 months for a Syndicate- in-a-Box. You’ll have our support throughout the 3-year term applying to a new Syndicate-in- a-Box. We’ll also help prepare you for the next stage of your development* You’ll benefit from a low-cost standardised package of support and services. This allows you to focus on underwriting and retain your independence as an individual entity. You’ll benefit from economies of scale. Giving you access to a depth and breadth of expertise and experience that would be difficult to resource on your own. You’ll benefit from our independence. Asta doesn’t have its own syndicate or any underwriting capital at risk which means our sole focus is on meeting the needs of our clients who do. *After the initial 3 year fixed term, we can help you reapply to continue underwriting, migrate to a Syndicate, or (if business plan targets are not met) implement a pre-agreed plan for exit. Download our Syndicate-in-a- Box fact sheet > News, views and insights Asta strengthens SIAB platform with new MCI syndicate 1902 Read the article >> Why did a virtual syndicate choose London? Read the article >> Asta opens syndicate-in-a-box platform with launch of syndicate 4747 Read the press release >> Lloyd’s SIAB can work with just £20mn GWP Read the Insurance Insider article >> Future at Lloyd’s to ease MGAs into the box Read the blog >> Complaints / Claims / Brexit Transfer / COVID-19 / Modern Slavery Statement / Board Diversity Statement / Inclusive Behaviours Pledge / Company Details / Disclaimer / Privacy Notice © Asta Capital Ltd. 2021