London, UK — Lloyd’s managing agency AEGIS London today announced that Tom Squires, previously Deputy Head of Casualty, has become Head of Digital Trading. This is a new role that reflects the strategic importance of digital trading to Aegis London going forward.
Commenting on the appointment, John Chambers, Director of Innovation and Corporate Development said: “We are investing in digital trading across the piece and OPAL is now at the stage where it requires full time operational leadership. Tom has been actively involved in the development of our digital strategy and is well placed to take over the challenge of driving OPAL forward, both expanding existing products but also adding more strategic partners, territories and risk classes.”
OPAL (Online Platform Aegis London) is the firm’s online quote-and-bind platform launched in April 2016 with the objective of bringing US and other international SME business into the London insurance market. In the past 18 months OPAL has produced around 40,000 quotes and bound 9,000 risks at average values of less than $100k, mostly deductible buy-backs in the SME arena.
Tom Squires said: “I am delighted to take a more active role in the development of our digital offering. We want to improve our systems, make more effective use of the datasets we are building, and ensure that the distribution chain bringing smaller risks into the London market is as efficient as possible. I look forward to building the team further in the coming 12 months.”
Ruth Starling, Luther Pendragon
020 7618 9168
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. AEGIS London operates 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 130 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.