London, UK — AEGIS Managing Agency Limited, managing agent of top-quartile Lloyd's syndicate 1225 (AEGIS London), has appointed two new non-executive directors to its Board. Martin Bride, former group Finance Director of Beazley plc, and Andrew Gibbs, former Chief Operations Officer for Partner Re, were appointed in September. Tom Busher,...
London, UK — The Lloyd's insurance market's only product writing cover for the rescue of miners trapped underground has more than doubled its available cover from $10m to $25m with a launch of a new consortium. AEGIS Miner Rescue Consortium, is predominantly for hard rock and precious metal mines, both open cast and underground, with a focus o...
London, UK — AEGIS London, a top-quartile Lloyd's syndicate, has recruited Jeremy Smart as Class Underwriter in its international casualty team reporting into Stephen Merrick. Smart returns to AEGIS London following a nine-year stint heading up the international team at CNA Hardy. Stephen Merrick said: “I am delighted to be welcoming Jere...
London, UK — AEGIS London, a top-quartile Lloyd's syndicate, has established a new Data Science and Analytics team to enhance underwriting capabilities and data-driven initiatives. Led by Giuseppe D'Angelo, Head of Data Analytics and Portfolio Underwriting, the newly formed team is comprised of highly skilled experts dedicated t...
London, UK — AEGIS London, the top quartile Lloyd’s syndicate, has strengthened its position in the cyber market with the hire of a new underwriting team. Daniel Johnson has been appointed to the role of class underwriter for cyber and is joined by Lydia Lambert, who becomes cyber underwriter. Both join AEGIS London from AIG Daniel will r...
London, UK — AEGIS London, Lloyd’s Syndicate 1225, a subsidiary of AEGIS (Associated Electric & Gas Insurance Services Limited), delivered a combined ratio for 2023 of 79.4% - an improvement of 4.4% on 2022’s ratio of 83.8%. The Syndicate posted a UK GAAP profit of £206m, up 112% on 2022’s figure of £97m. Premium gross of commissions...
London, UK — Lloyd’s insurer, AEGIS London, has expanded its Digital Trading Team with the appointments of Iain Lewers as Digital Business Development Analyst and Mark Wilding as Digital Product Development Specialist. Both Iain and Mark will report into Calum Williams, who has assumed the newly created role of Digital Development Manager. William...
London, UK — Lloyd’s insurer AEGIS London has appointed Viren Patel as head of risk. Patel will lead AEGIS London’s risk team, focusing on areas such as Internal Model Validation, ORSA (Own Risk and Solvency Assessment) and risk reporting. Prior to joining AEGIS London, Patel held the role of head of risk at Starr Companies, where he ha...
London, UK — Brokers using Lloyd’s insurer AEGIS London’s online quote-and-bind platform OPAL now have access to OPAL Claims for all OPAL product lines, including its Wind Deductible Buy Back product. OPAL Claims allows brokers, coverholders and managing general agents (MGAs) to submit first notice of loss notifications directly to third...
Deputy head of claims Kerry Williams named as successor London, UK — After 23 years in the role, AEGIS London’s head of claims Richard Foulger is to retire in June. His successor has been named as Kerry Williams, currently deputy head of claims at AEGIS London. Richard Foulger led AEGIS London’s claims team through some of the syndicate...
London, UK — AEGIS London, Lloyd’s Syndicate 1225, a subsidiary of AEGIS (Associated Electric & Gas Insurance Services Limited), delivered a combined ratio for 2022 of 83.8% - an improvement of 0.1 on 2021’s ratio of 83.9%. The Syndicate posted a UK GAAP profit of £97m, up 11% on 2021’s figure of £87m. Premium gross of commissions is ...
London, UK — For the eighth year in succession, AEGIS London’s claims team has been awarded the prestigious Outstanding Claims Service Quality Marque by independent research organisation Gracechurch Consulting. In order to earn the award in Gracechurch’s annual survey of London market claims operations, AEGIS London’s team had to be reco...
London, UK — AEGIS London has chosen ReachOut as a charity partner for the next three years. ReachOut helps young people from economically disadvantaged communities achieve their full potential through mentoring programmes. The organisations will be working together to develop a bespoke and mutually beneficial partnership, ...
London, UK — AEGIS London delivered an exceptional claims performance in 2021, according to independent insurance research firm, Gracechurch Consulting, which awarded AEGIS London its claims quality marque for the sixth year in succession. Claims teams achieve the award based on a range of empirical measures, including having a 12-month ...
London, UK — Lloyd’s AEGIS London has announced that Matthew Yeldham will be promoted to Chief Underwriting Officer (CUO) in July. The appointment follows the news that current CUO, Alex Powell, will succeed David Croom-Johnson as Chief Executive Officer when he retires in June. Commenting on the appointment, Alex Powell said: “I’m deligh...
London, UK — AEGIS London, a subsidiary of AEGIS (Associated Electric & Gas Insurance Services Limited), reports a Syndicate profit of £87m, up £27m on 2020’s figure of £60m. Premium gross of commissions is £774m, an increase of 9% on 2020’s premium of £708m. This is subject to audit approval. AEGIS London’s combined ratio for 2021 of...
London, UK — A parametric insurance product that protects small businesses against economic losses following a shooting or malicious incident within 250m of their premises has been launched by Lloyd’s insurer AEGIS London. This is the first policy of its type to be launched by the syndicate. The active assailant parametric product is targ...
London, UK — Lloyd’s Syndicate 1225 managed by AEGIS Managing Agency Ltd (AEGIS London) has reported an increase in profits for 2020 despite Covid-19 losses and an active catastrophe season. The Syndicate posted a UK GAAP profit of £60.3m, up 94% on 2019’s figure of £31.1m. Written premium gross of commissions was £707.9m, an increase...
London, UK — AEGIS London is to increase its underwriting by 27% in 2021. The business has confirmed that, on a gross premium basis, its capacity will rise from £712m in 2020 to £918m in the new underwriting year. The increase will be spread broadly across all lines of business, combining traditional Lloyd’s underwriting with the online...
London, UK — AEGIS London’s online quote-and-bind platform Opal handled record-breaking volumes of business in May. For the first time, the platform generated over $5m of net premium in a single month. As of end-May, Opal has also now generated $100m net for the syndicate since the platform’s launch in 2016. David Croom-Johnson, AEGIS L...
