Asta
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The service firm is jointly owned by a consortium comprising Paraline International, Skuld and investment firm ACHP plc.
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CEO Julian Tighe said his firm’s long-held ambitions were now aligning with captive plans at the Corporation.
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The launch comes after six years of Nephila using Asta's turnkey services.
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The Norwegian mutual will remain a long-term investor in the business.
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The former banker has left the managing agent and will carry out consultancy work in the New Year.
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Peter Scales’ syndicate lifts its stamp capacity by almost a fifth.
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The Lloyd’s market veterans will join a third-party managing agent responsible for 10 syndicates and two special-purpose arrangements.
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ACHP has placed its 30 percent stake in the Julian Tighe-led company under review as it prepares to de-list from the London Stock Exchange.
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