Asta completes development deal of new MGA

deal-completed

MGA investor Asta has completed a transaction to finance the development of a new business and is expected to take a minority equity stake in it. 

The new business is OverArk, an MGA which will offer risk led property and casualty insurance cover to UK-based organisations, said Asta.

The amount of the transaction was not disclosed.

Peter Berring and Patrick Smith, both former chairpersons of Airmic, will lead OverArk.

Support
Asta said it will also support OverArk's infrastructure including

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected].

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have an Insurance Age account, please register now.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: