Asta takes on management of Parsyl SIAB 1796

Lloyd’s third-party management agent Asta has taken on the management of Parsyl syndicate-in-a-box 1796, which has transferred from Ascot Underwriting. The move was effective from 1st August. Parsyl offers an integrated risk management and insurance solution and specialises in cover for perishable cargo.

Gavin Spencer, head of insurance at Parsyl, said: “We focus on data-driven underwriting of essential supply chains in food and health, and it is intended that Syndicate 1796 becomes the industry standard for perishable goods underwriting. Asta has the experience, services and independent platform to act as a catalyst on this stage of our journey; we see them very much as a long-term strategic partner.”

Julian Tighe, chief executive officer of Asta, said: “We are delighted to provide Parsyl with the platform, support and services they will need to develop their operation successfully in the Lloyd’s marketplace.”

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