AEGIS London appoints Jonathan Humm to lead hull book

London, UK — AEGIS London has appointed Jonathan Humm as its new class underwriter for marine hull. He joins from Hiscox where he was deputy hull underwriter.

Based in AEGIS London’s Gracechurch Street headquarters, he will report to head of marine and energy Richard Palengat.

Richard Palengat said: “London’s Hull market is at a critical juncture and is under pressure to improve profitability after a run of poor results. AEGIS London’s hull team is uniquely positioned to rise to this challenge, having outperformed the Lloyd’s market consistently since its start in 2012. Our mantra of disciplined, profitable growth will serve us well in the aftermath of the costliest year on record for Lloyd’s.

“Jonathan is a very welcome addition to our team. His skills and knowledge will help us build on our success, particularly in our niche specialisms such as brownwater hull, distressed business and esoteric risks.”

Jonathan’s career in the marine insurance sector spans 12 years. After leaving university he joined Marsh in 2005 as a marine broker. He then moved to Hiscox in 2008 as deputy hull underwriter writing a predominantly open-market bluewater hull book. He also led the development of Hiscox’s cyber strategy within the marine hull class.

ENDS

 

Media contact:

Adrian Beeby, Luther Pendragon

020 7618 9157

07879 403564

adrianbeeby@luther.co.uk

 

Notes to Editors

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.

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 110 people in its team in London and two 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 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.

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