London, UK — Lloyd’s insurer, AEGIS London, has expanded its Digital Trading Team with the appointments of Iain Lewers as Digital Business Development Analyst and Mark Wilding as Digital Product Development Specialist. Both Iain and Mark will report into Calum Williams, who has assumed the newly created role of Digital Development Manager. William...
London, UK — Lloyd’s insurer AEGIS London has appointed Viren Patel as head of risk. Patel will lead AEGIS London’s risk team, focusing on areas such as Internal Model Validation, ORSA (Own Risk and Solvency Assessment) and risk reporting. Prior to joining AEGIS London, Patel held the role of head of risk at Starr Companies, where he ha...
London, UK — Brokers using Lloyd’s insurer AEGIS London’s online quote-and-bind platform OPAL now have access to OPAL Claims for all OPAL product lines, including its Wind Deductible Buy Back product. OPAL Claims allows brokers, coverholders and managing general agents (MGAs) to submit first notice of loss notifications directly to third...
Deputy head of claims Kerry Williams named as successor London, UK — After 23 years in the role, AEGIS London’s head of claims Richard Foulger is to retire in June. His successor has been named as Kerry Williams, currently deputy head of claims at AEGIS London. Richard Foulger led AEGIS London’s claims team through some of the syndicate...
London, UK — AEGIS London, Lloyd’s Syndicate 1225, a subsidiary of AEGIS (Associated Electric & Gas Insurance Services Limited), delivered a combined ratio for 2022 of 83.8% - an improvement of 0.1 on 2021’s ratio of 83.9%. The Syndicate posted a UK GAAP profit of £97m, up 11% on 2021’s figure of £87m. Premium gross of commissions is ...
London, UK — For the eighth year in succession, AEGIS London’s claims team has been awarded the prestigious Outstanding Claims Service Quality Marque by independent research organisation Gracechurch Consulting. In order to earn the award in Gracechurch’s annual survey of London market claims operations, AEGIS London’s team had to be reco...
London, UK — AEGIS London has chosen ReachOut as a charity partner for the next three years. ReachOut helps young people from economically disadvantaged communities achieve their full potential through mentoring programmes. The organisations will be working together to develop a bespoke and mutually beneficial partnership, ...
London, UK — AEGIS London delivered an exceptional claims performance in 2021, according to independent insurance research firm, Gracechurch Consulting, which awarded AEGIS London its claims quality marque for the sixth year in succession. Claims teams achieve the award based on a range of empirical measures, including having a 12-month ...
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 deligh...
London, UK — AEGIS London, a subsidiary of AEGIS (Associated Electric & Gas Insurance Services Limited), reports a Syndicate profit of £87m, up £27m on 2020’s figure of £60m. Premium gross of commissions is £774m, an increase of 9% on 2020’s premium of £708m. This is subject to audit approval. AEGIS London’s combined ratio for 2021 of...
London, UK — A parametric insurance product that protects small businesses against economic losses following a shooting or malicious incident within 250m of their premises has been launched by Lloyd’s insurer AEGIS London. This is the first policy of its type to be launched by the syndicate. The active assailant parametric product is targ...
London, UK — Lloyd’s Syndicate 1225 managed by AEGIS Managing Agency Ltd (AEGIS London) has reported an increase in profits for 2020 despite Covid-19 losses and an active catastrophe season. The Syndicate posted a UK GAAP profit of £60.3m, up 94% on 2019’s figure of £31.1m. Written premium gross of commissions was £707.9m, an increase...
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...
London, UK — AEGIS London’s online quote-and-bind platform Opal handled record-breaking volumes of business in May. For the first time, the platform generated over $5m of net premium in a single month. As of end-May, Opal has also now generated $100m net for the syndicate since the platform’s launch in 2016. David Croom-Johnson, AEGIS L...
London, UK — Lloyd’s managing agency AEGIS London reported an increase in profits for 2019 on the back of increased gross written premiums. Its managed syndicate posted a profit of £31.1m, up 7% on 2018’s figure of £29.1m, despite foreign exchange losses of £5.0m. Gross written premium before commission was £653.2m, an increase of 18% on 201...
London, UK — AEGIS London has launched a digital trading division, heralding the move as the beginning of a new era for the top quartile Lloyd’s insurer. Tom Squires, AEGIS London’s head of digital trading, will lead the division, reporting to Nigel Roberts, head of distribution. He will be supported by Angus Turner, digital trading manager;...
London, UK — Against a backdrop of difficult market conditions and a challenging business review process at Lloyd’s, AEGIS London expects to grow Syndicate 1225 by 5% in 2019 following another profitable year. AEGIS London delivered a combined ratio of 94%, and profits of £22m for 2018 – 32% ahead of its 2017 result despite above-average cat...
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 Corpor...
London, UK — Lloyd’s managing agency AEGIS London today announced that Tom Busher, previously non-executive chair of the board’s Risk Committee, has succeeded William Dalton as non-executive chair of the board upon his retirement and Christopher M. Crane, President and CEO of leading US energy supplier Exelon Corporation, has been appointed ...
London, UK — Lloyd’s managing agency AEGIS London has appointed two new non-executive directors to its board. Gregory E. Abel is Vice Chairman – Non-Insurance Business Operations, Berkshire Hathaway Inc and Executive Chairman, Berkshire Hathaway Energy. Berkshire Hathaway and its subsidiaries engage in diverse business activities includi...
