· Syndicate aligns with its predictions for the market’s evolution

London, UK — Top quartile Lloyd’s syndicate, AEGIS London, has announced the creation of a new Portfolio Solutions division that will focus on following third-party underwriting expertise in the London market.

Led by respected underwriter Richard Palengat, Portfolio Solutions will allow AEGIS London to engage with brokers in a broader range of ways while writing a diverse portfolio of follow business. This includes broker facilities, MGAs, reinsurance and Lloyd’s consortia. The team also includes underwriters Henry Watts and Barry Plummer and Assistant Underwriter Bradley Lawrence.

Richard Palengat said: “AEGIS London Portfolio Solutions has a dynamic and empowering mandate. It encompasses a diverse range of business lines and geographies, including property, casualty, specialty and multi-line business.

“We are aiming to establish enduring partnerships with parties that demonstrate a record of consistent outperformance against their peers across the market cycle, based on a data-driven and analytics-focussed underwriting approach.”

AEGIS London’s CEO Alex Powell said: “With the launch of Portfolio Solutions, we’re embracing the future and ensuring we are best positioned to capitalise on the market as we see it evolving over the next decade.

“Underwriting excellence is, and always will be, the core of our identity. That’s why we are adapting to new ways of trading while continuing to underwrite complex business from Lloyd’s. As always, our new offering is backed by skilled underwriting teams and long-term commitment to classes.”

From January 2025, AEGIS London’s underwriting divisional structure reflects the way in which business is increasingly accessed and traded rather than purely focused on product types as previously. Portfolio Solutions sits alongside the Specialist Underwriting division, which consists of market-leading underwriting teams in areas of AEGIS London’s greatest expertise. Its existing Digital Trading team, which incorporates AEGIS London’s OPAL quote-and-bind platform, now also becomes a division and is expanding its digital follow capabilities.

Matt Yeldham, AEGIS London’s Chief Underwriting Officer, said of the various changes: “Underwriting expertise is at the heart of our consistent profitability, so with our recent changes we are enshrining those capabilities in a wider range of trading options. We are ready to respond to business through a broader range of routes and engage with brokers in a clear and more agile manner. This builds on the series of adjustments to our business we have made over the last few years, including building our data capabilities and re-engineering many of our systems.”

AEGIS London has consistently been ranked in the top quartile of Lloyd’s syndicates for financial performance for more than 11 years.

ENDS

Media contact:

Adrian Beeby, Omnia Partners

07879 403564

adrian.beeby@weareomniapartners.com

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. 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.