First simultaneous approval of a managing agent and syndicate for over 10 years

A challenging new start-up establishing the first simultaneous managing agency and syndicate since 2009. Athito were tasked with the design, build and regulatory approval of the two businesses

We deployed a large team of interim managers covering areas including Underwriting Management, Risk, Delegated Underwriting, Lloyd’s Service Companies, Governance, Solvency II and Actuarial.

Working with dedicated resources developing the different regulatory business plans for Lloyd’s, PRA and FCA the application to the various regulators was submitted.

In parallel we deployed a team of business analysts to select and implement numerous systems, data warehouse and build all downstream regulatory and management reporting.

Our team managed the interactions with the regulators and professional services such as legal as well as all internal teams and stakeholders. The Athito team project managed the end-to-end programme of work, delivered on time and under budget.

Athito deployed an experienced team with very little lead time to enable Charles Taylor and The Standard Club to meet aggressive timelines. We reduced the risk associated with the application by deploying known approaches and models for governance, organisational structures, systems and all other key aspects of the build out. Bringing proven tools reduced the lead time for approval, as well as reducing cost.