This innovative collaboration will align AEGIS London’s risk appetite across multiple business lines with McGill and Partners’ client portfolio. Using new technology, the platform will algorithmically identify eligible risks, provide quotes and bind cover following a lead’s terms, which will significantly streamline the placement process for clients.
Underwriters will have increased transparency through a bespoke dashboard, which will provide data on risk selection and exposure management to help them manage the portfolio. This ensures underwriting standards are maintained, while making a historically complex process simpler. Automating and combining the quote-and-bind workflow with AEGIS London’s pre-determined underwriting criteria will accelerate placements and improve overall efficiency.
Clients will benefit by receiving faster access to high-quality follow capacity, delivered in line with the lead underwriter’s terms, conditions and pricing. Overall, this provides clients with greater certainty and confidence in the fulfilment of their placement needs.
The initiative is powered by McGill and Partners’ proprietary Underscore broking platform and has the potential to scale across additional partners, setting a new standard for digital transformation in the industry.
Steve McGill, CEO at McGill and Partners, said: “We’re excited to launch this digital partnership with AEGIS London. It is built on our shared ambition to deliver smarter, digitally-enabled solutions for the benefit of our clients and drive real change in our industry. At its core, it will deliver what our clients value the most: speed, certainty, and high-quality capacity. By streamlining the placement process, we unlock our brokers' ability to leverage the wider market more effectively, which will result in a superior client experience.”
Alex Powell, Chief Executive Officer, AEGIS London, said: “This represents a transformative approach in how we use dedicated data analysis to inform and enhance underwriting decisions. By combining advanced analytics with innovative digital trading capabilities, we’re creating a platform that not only simplifies access but deepens collaboration with brokers for the benefit of our clients.
“Underwriting excellence remains at the heart of AEGIS London, and this initiative builds on that through data-driven risk selection. The ability to automatically identify eligible risks and deliver quote-and-bind functionality based on predefined underwriting criteria demonstrates a significant step forward in delivering a truly digital and dynamic trading capability to the market.”
ENDS
Media contact:
McGill and Partners UK media: SEC Newgate UK at mcgill@secnewgate.co.uk
Adam Holden, Omnia Partners
07917 000028
Adam.holden@weareomniapartners.com
Notes to Editors
About McGill and Partners:
McGill and Partners is an independent, specialty insurance and reinsurance broker, dedicated to delivering innovative solutions to meet the sophisticated needs of our clients. We challenge the status quo and drive change in the market by bringing together best-in-class talent within an entrepreneurial, team-based culture that fosters fresh perspectives and forward-thinking strategies. This approach underpins our founding ethos: Different by Design.
With a commitment to building long-term partnerships, we provide a comprehensive range of expertise to our clients and distribution partners worldwide. Headquartered in London, we have offices in Bermuda, the US, Ireland, Australia, Switzerland and Sweden. The firm has significant backing from funds affiliated with Warburg Pincus, a leading global private equity firm, alongside founder and employee ownership.
About AEGIS London:
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. From its origins in 1999, AEGIS London has become a top quartile diversified Lloyd’s Syndicate, leading and participating in a wide range of business classes with a talented team of over 230 people.