Paraline syndicate 4242
Asta, the leading third party managing agent at Lloyd’s, today announces the departure of Megan McConnell as active underwriter of Paraline’s Lloyd’s syndicate 4242.
McConnell is pursuing a new opportunity in the London market and is expected to leave Paraline in March 2018. Until that time, she will retain full underwriting responsibility. Subject to regulatory approval, Asta’s director of underwriting Simon Norton will act as interim active underwriter until a permanent replacement starts.
Bruce Schnitzer, chairman of Paraline, said: “Megan has played a significant part in Paraline’s success and we are sad to see her go. I would like to wish her the very best in her next role and offer our sincere thanks for her time at syndicate 4242.
For further information, please contact:
Haggie Partners
Damian Beeley
Damian.Beeley@haggie.co.uk
Tel: + 44 20 7562 4444
Samantha Whiteley
Samantha.Whiteley@haggie.co.uk
Tel: + 44 20 7562 4444
Colette La Pointe
Colette.Lapointe@haggie.co.uk
Tel: + 44 20 7562 4444
Notes for editors
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 10 syndicates and two SPAs with capacity under management in 2018 of more than UK£1bn:
- Syndicate 1729 and SPA 6131 (Dale Underwriting Partners)
- Syndicate 1897 (Skuld)
- Syndicate 2357 (Nephila)
- Syndicate 2525 (DL Dale & Others)
- Syndicate 2689 (Verto)
- Syndicate 2786 (Everest)
- Syndicate 4242 and SPA 6123 (Paraline)
- Syndicate 5886 (Blenheim)
- Syndicate 3268 (Agora)
- Syndicate 1980 (Pioneer)
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