Lloyd’s third-party managing agent Asta will go live with a new underwriting business on 1st April. Led by Paul Witzenfeld, it will accept worldwide property facultative reinsurance risks with a focus on primary and first-layer placements. Business will be written against binding authority contracts backed by highly rated company-market capacity through Asta’s AUML licensed entity.

Julian Tighe, chief executive officer of Asta, said: “We’re thrilled that Paul has decided to join us. His choice is testament to the flexibility and growing popularity of our MGA services.

“We’ve created a plug-and-play platform that rapidly accommodates the ambitions of entrepreneurial underwriters to embrace market opportunities as they emerge. It builds on the success of Arma Underwriting, launched in 2017 and writing MENA-region business, and the creation of David Ashby’s specialist equine insurer a year ago.”

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