London, UK — AEGIS London has today confirmed that Toby Sawyer has been promoted to the role of Head of Property. Sawyer takes over this role from Alex Powell who remains the Active Underwriter of AEGIS Syndicate 1225.
Sawyer joined AEGIS London in 2009 and has been Deputy Head of Property since 2015. The property book at AEGIS London represents some 35% of the syndicate’s overall income for 2017 and is a global account, with an emphasis on the USA and Canada. The book consists of open market and binder business as well as power and treaty reinsurance.
Property is a growing area for AEGIS London as it seeks to reinforce its strategy for disciplined profitable growth. Furthermore, it was within the property book that AEGIS London rolled out its Opal online quote and bind platform as part of the drive for innovation in distribution with London-based brokers.
Alex Powell commented: “Syndicate 1225 is blessed with a very strong property team and Toby is more than ready to step up to this challenge in what is a very difficult market. His track record at AEGIS London demonstrates that he can run a profitable book in the prevailing market conditions.”
Sawyer said: “I am delighted to be given this opportunity and I look forward to working with Alex and the team in making 2017 another successful year with AEGIS London.”
Notes to Editors
AEGIS London
AEGIS London is the UK-based subsidiary of AEGIS (Associated Electric & Gas Insurance Services Limited), a mutual insurance company that serves the needs of the energy industry. It operates the AEGIS London Syndicate 1225 at Lloyd's with a capacity of £330 million for 2017.
AEGIS London has grown from its origins as an energy insurance specialist and is today a successful, diversified business, leading and participating in a wide range of classes traditionally written in the Lloyd's market. With over 115 people in its team in London and 2 in Canada, the business continues to develop its capabilities in new business lines, bringing its unique, collaborative style to new clients and new classes, while operating for the mutual benefit of all involved.
AEGIS London is recognised for offering specialist knowledge, expertise and leadership to a broad client base across a number of specialist classes globally.
AEGIS (Associated Electric & Gas Insurance Services Limited)
AEGIS is a mutual insurance company owned by its energy industry policyholder members, with surplus of more than US $1.2 billion. Established in Bermuda in 1975, AEGIS is an eligible surplus lines insurer in the United States and a licensed carrier throughout Canada.
AEGIS aims to provide its members with superior insurance and risk management products through a secure and stable market to enable members to achieve the lowest overall long-term cost of risk. Industry sectors covered include gas and electric utilities, related energy companies, water utilities, pipeline companies, transmission & distribution companies, and oil and gas exploration and production companies.