Asta bolsters its Lloyd’s managing agency board

Asta, a third party managing agent at Lloyd’s, has appointed its chief actuary Richard Barke to serve on its Lloyd’s managing agency board, subject to regulatory approval.

Barke joined Asta in 2011. He was made deputy chief actuary two years later before being promoted to chief actuary in 2015. He began his career in 2003 as an actuarial graduate at KPMG before moving to Aspen Re as a reserving actuary in 2007.

Since joining Asta, Barke has been responsible for managing all actuarial activities across the business including devising and implementing Solvency II compliant capital models for 15 individual Asta-managed syndicates and special purpose arrangements (SPAs).

Julian Tighe, CEO of Asta said: "Richard is an extremely talented and experienced actuary and a valuable member of the Asta team. His expertise in building, leading and evolving actuarial operations across our business has been invaluable in ensuring all Asta-managed syndicates hold Solvency II compliant capital models. I am pleased to announce his appointment to the Asta Managing Agency board."

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