Asta Managing Agency Limited

Managing Agent Name:           ASTA MANAGING AGENCY LTD

Subject:                                   REQUIREMENT TO MAKE A MANDATORY OFFER

Syndicate(s) Affected:             SYNDICATE 2526

Following the conclusion of Auction 2, AmTrust Corporate Capital Ltd (‘AmTrust’) is entitled to participate in Syndicate 2526 for the 2015 year of account with a member’s syndicate premium limit in excess of 75% of the allocated capacity of that syndicate.

Accordingly, AmTrust is required to make a mandatory offer in 2015 to acquire all of the capacity that it does not already own for the 2016 year of account, pursuant to paragraphs 2 and 3 of the Mandatory Offer Byelaw.  This obligation will be satisfied through the 2015 auction process and/or in the form of a capacity offer in accordance with the prescribed timetable.

In the meantime, AmTrust may also participate in the remaining auctions during 2014 to acquire further 2015 capacity entitlements.

 

Date issued:                             10 OCTOBER 2014

 

Contact Information

Agency contact name:              SIMON NORTON

Agency contact no:                   +44 (0)20 7743 0900

 

For auction office use only:       D2014014

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