Dale Underwriting Partners Special Purpose Arrangement receives

Lloyd’s approval

LONDON: 13 November 2017 – Dale Underwriting Partners, managed by leading Lloyd’s

third party managing agency Asta, is delighted to announce that its special purpose

arrangement (SPA) has received approval from Lloyd’s. The SPA will reinsure a portfolio of

contingency and specialty property business, underwritten into Dale syndicate 1729 by a

new team led by Tom Phillipson.

Syndicate 1729 will cede a proportion of the incremental business into the SPA. The planned

gross premium of US$22m will be split 40% / 60% between S1729 and the SPA for 2018.

Dale Underwriting Partners received ‘in principal’ approval by the Lloyd’s Franchise Board to

establish the SPA in July of this year.

Duncan Dale, chief executive of Dale Underwriting Partners, said: “I am very pleased to

confirm that our SPA will be part of our underwriting framework from 2018. The SPA

structure is the ideal platform for this innovative and entrepreneurial team, and has great

potential to increase underwriting profit and fee revenue for Syndicate 1729.

“Tom is a recognised industry figure who brings an exceptional track record and breadth of

hugely relevant experience in this specialist area. I am confident that he and his highly

talented team will quickly establish themselves as a significant participant in this market.”

Julian Tighe, Asta CEO, added: “I am pleased that Asta could support Dale in its expansion

plans and we look forward to continuing to support the team as they move forward. We are

always excited to be part of the development of successful businesses, whether that is a

syndicate, MGA or SPA. There are clear opportunities in this market for those with expertise,

experience, ambition and entrepreneurial acumen and Dale is a clear example of this.”

-Ends- Press enquiries: Damian Beeley/ Sam Whiteley +44 (0)207 562 4444 Damian.Beeley@haggie.co.uk Samantha.whiteley@haggie.co.uk

Note to Editors: About Dale Underwriting Partners Dale Underwriting Partners is an independent, owner-managed, Lloyd’s syndicate with market leading underwriting, claims and operational expertise. Led by Duncan Dale and a team of highly experienced Lloyd’s underwriters, Syndicate 1729 focuses on; property reinsurance, property insurance and casualty and has a stamp capacity of £100m. About Asta

Asta Capital Limited is the parent company of:

§ Asta Insurance Markets Ltd § Asta Managing Agency Ltd § Asta Insurance Services Ltd § Asta Management Services Ltd § Asta Underwriting Management Ltd

Asta Managing Agency Ltd is the leading third party managing agent at Lloyd’s and is responsible for nine syndicates with capacity under management in 2017 of approximately UK£1bn:

Syndicate 1729 (Dale Underwriting Partners) Syndicate 1897 (Skuld), SPA 6126 Syndicate 2357 (Nephila) Syndicate 2525 (DL Dale & Others) Syndicate 2689 (Verto) Syndicate 2786 (Everest) Syndicate 4242 (ICAT), SPA 6123 (ICAT) Syndicate 5886 (Blenheim)

MGAs

Asta Underwriting Management Limited (AUML) launched in 2015, making the skills, experience and capabilities behind Asta’s success as the leading third party managing agency at Lloyd’s available, for the first time, to the MGA market.

MGAs under management:

- Pelican Underwriting Management - OverArk Limited

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