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 quote-and-bind platform Opal, which allows access to a much broader range of profitable new business.
AEGIS’s proven track record of profitability has afforded them light touch regulatory status from Lloyd’s. This is seen as a vote of confidence in AEGIS’s ability to achieve sustainable profitable growth next year.
David Croom-Johnson, AEGIS London’s managing director, said: “2021 should be a year of real opportunities for the Lloyd’s market and we are in an excellent position to take full advantage of them. Our thoughtful and disciplined approach to managing our business is demonstrated by achieving a lower combined ratio than the Lloyd’s market average for the last 10 years and being in the top quartile of the market since 2010.”
Adrian Beeby, Luther Pendragon
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 150 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.