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 delighted to continue my close working relationship with Matthew in our new roles later this year. In line with our succession plan, Matthew’s appointment is the obvious choice, given his long-standing tenure on the AEGIS London Board of Directors and the depth of his underwriting knowledge and experience. He is well placed to help in our pursuit of a broad digitisation, automation and data led strategic agenda across all functions of the business, which will support our ambitions to be a dynamic underwriting platform at the forefront of our markets. ”

Matthew Yeldham said: “I look forward to stepping into the position of AEGIS London CUO later this year as we continue our strategy to deliver sustainable underwriting profit. With so much underwriting talent in our business, I am as committed as I always have been to maintaining our success.”

Yeldham has been Deputy Chief Underwriting Officer since 2015, having joined AEGIS London in 2010. Previously, he held senior positions in the London insurance market, including Aspen Insurance Group and Wellington Underwriting.

Both Powell’s and Yeldham’s appointments are subject to regulatory approval.

ENDS

Media contact:

Adrian Beeby, Luther Pendragon

020 7618 9100

07879 403564

adrianbeeby@luther.co.uk

Notes to Editors

AEGIS London operates Lloyd’s Syndicate 1225 and comprises the UK-based subsidiaries of AEGIS (Associated Electric & Gas Insurance Services Limited), a mutual insurance company that serves the needs of the North American energy industry. 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 170 people in its team in London and three 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.