Asta backs Middle East MGA Arma

Asta has entered a financing agreement for the development of
Middle East specialist managing general agent (MGA) Arma
Underwriting Limited.
Asta will take a minority equity stake in Arma and will also
support the company's infrastructure, including finance and IT,
the firm said in a statement today.
Arma will support local insurance companies in the Middle East
by providing multi-class reinsurance capacity, backed by
Lloyd's paper.
The firm will be led by Michael Rafter, former head of general