The Captive Syndicate
Optimise your risk financing
Asta, our Lloyd’s Managing Agent, has extensive experience of launching and managing a wide range of businesses at Lloyd’s. We are now able to provide the same breadth of expertise and services to both new and established Captive Owners and their Managers. Our aim is to help achieve greater consistency and control over your risk financing strategy.
The Captive Syndicate
The advantages of establishing a Captive Syndicate at Lloyd’s
By creating a Captive Syndicate at Lloyd’s, we offer the dual benefits of licensed paper and reduced dependency on fronting partners, coupled with competitive pricing. This innovative alternative empowers captive owners to diversify their risk financing, lower collateral requirements, and achieve cost efficiencies.
Key benefits for Captive Owners and managers
Regulatory stability and global access: Provides a UK domiciled and regulated captive (re)insurance solution at Lloyd’s, ensuring stability and providing direct insurance access to over 80 countries.
Cost efficiency and flexibility: Offers competitive pricing relative to other captive domiciles, with the ability to include fronting services where necessary.
Customised risk control: Reduced reliance on fronting arrangements provides more control over risk appetite and ensures continuity of cover, while also allowing you to define your own coverage, retentions, and policy wording.
Financial strength and compliance: Leveraging the Lloyd’s market’s strong financial ratings (AAFitch, A+ S&P, A A.M. Best), the Captive Syndicate benefits from lower collateral requirements, meets internal risk appetites, and complies with Solvency II regulations.
Adaptable platform for diverse risk profiles: The flexible platform provided by a Lloyd’s Captive Syndicate could suit any captive writing First Party or related Third Party risks – from large blue-chip companies to the smaller privately owned captives – with multi-national risk exposure and seeking a cost-effective alternative to fronting. This platform offers more control over its working insurance layers, and reduced tax and regulatory risk.
Why choose a Captive Syndicate at Lloyd’s with Asta?
Choosing Asta’s solution offers numerous benefits designed to enhance the success and efficiency of your insurance program:
Lloyd’s advocacy: We will work with you directly or in partnership with your captive manager to structure a Captive Syndicate solution that is right for you and acceptable to Lloyd’s.
Speed to market: Your Captive Syndicate can be launched and operational at Lloyd’s as quickly as possible, typically within 90-180 days.
Oversight and governance: We ensure you comply with Lloyd’s Principles and other regulatory requirements.
Support services: We can provide additional, flexible services tailored to fit seamlessly with those provided by your captive manager. From Actuarial and Finance to Risk Management and Company Secretarial services, we ensure nothing is overlooked or duplicated.
Unmatched expertise: You will benefit from our deep industry knowledge and comprehensive support services, enhancing your long-term success.
