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