Asta launches financial lines MGA Verde Risk Management Limited
Asta, a leading independent provider of specialist underwriting platforms and services to the global insurance market, today announces the launch of MGA Verde Risk Management Limited (Verde), who received regulatory approval from the FCA in December 2025.
Specialising in the financial lines market, predominantly Commercial Crime, Management Liability and Financial Institutions, Verde will target clients domiciled in the UK, Europe and internationally. It will operate as an appointed representative of Asta’s MGA platform, Asta Underwriting Management Ltd (AUML), who will also be providing a range of operational, professional and regulatory support services. Verde will also access European markets via Asta’s European platform, headquartered in Brussels, as the business expands.
Verde will be led by Directors James Pallett and James Reynolds, both of whom possess significant financial lines’ experience and strong trading relationships with highly regarded intermediaries.
Emma Plush, Director MGA & Broker Solutions at Asta, said: “We are delighted to announce the launch of Verde and to be working with the Verde team. This marks an exciting development for the financial lines market, as Verde brings fresh expertise and a commitment to addressing gaps in coverage. Their approach will create opportunities for new products and growth, helping to shape a more dynamic and responsive market.”
James Reynolds, Director at Verde said: “James and I are thrilled to see the launch of Verde with support from Asta. Our aim is to create solutions that offer greater choice and innovation for customers in the markets we operate in. Utilising the support from Asta allows Verde to provide exceptional service to the brokers that we deal with. We look forward to supporting clients with products that meet their evolving needs.”
The launch of Verde is a key step in advancing Davies’ Vision 2030, reinforcing the firm’s commitment to innovation and market diversification. As a Davies company, Asta plays a pivotal role in this strategy – introducing solutions for both new and existing clients in the insurance space and expanding their global footprint. Together, Asta and Davies are delivering on their shared goal to create sustainable growth and broaden capabilities for the future.
