Bermuda-based re/insurer Allied World Assurance Company Holdings Ltd. has received approval from the Monetary Authority of Singapore (MAS) and Lloyd's Asia to register and operate a service company, Capita 2232 Services Pte. Ltd.

As part of the Lloyd's Asia platform, the service company will underwrite exclusively on behalf of Syndicate 2232.

Lloyd's Asia was established in Singapore in 1999 to give Lloyd's an underwriting base in Asia, and currently enables approximately 18 syndicates to write local and offshore business from Singapore.

Syndicate 2232, via the service company, will offer a broad range of treaty products from Singapore, including property, casualty and specialty lines, to clients in the Asia Pacific, Middle East and Africa regions.

Syndicate 2232 is managed by Capita Managing Agency Limited, a subsidiary of The Capita Group plc, which is authorised by Lloyd's and the Financial Services Authority in the United Kingdom. Capita 2232 Services Pte. Ltd. is a wholly-owned subsidiary of Capita Managing Agency Ltd.