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...
London, UK — Tania Patston has joined AEGIS London’s accident and health team as an underwriter Tania joins from Travelers where she held a similar role. She reports to AEGIS London’s class underwriter for accident and health, Nick Waymark. Tania is an expert in complex and remote environments such as the Middle East and South America. Nick Wa...
London, UK — AEGIS London has appointed Jonathan Humm as its new class underwriter for marine hull. He joins from Hiscox where he was deputy hull underwriter. Based in AEGIS London’s Gracechurch Street headquarters, he will report to head of marine and energy Richard Palengat. Richard Palengat said: “London’s Hull market is at a critical junct...
London, UK — AEGIS London has appointed Paul Ventris as its new head of internal audit. Paul joins from Liberty Specialty Markets where he held the role of senior audit manager. He reports to the chair of AEGIS London’s Audit Committee Chris Forbes and also managing director David Croom-Johnson. David Croom-Johnson said: “Audit plays a vital r...
London, UK — Carrie Trudeau has been hired by Lloyd’s managing agent AEGIS London to manage claims notified by its Canadian coverholders. Based in Toronto, Carrie will focus on strengthening relationships with London market brokers while supporting AEGIS London’s coverholders writing property and other lines of business in Canada. She will wor...
London, UK — John Chambers, formerly AEGIS London’s director of underwriting, is to take on the newly-created role of director of innovation and corporate development. In this new post, Chambers will oversee development of AEGIS London’s OPAL platform, its online quote-and-bind system for coverholders and brokers. He will also take the lead on...
London, UK — AEGIS London has announced that Jerry Hyne has joined the Lloyd’s syndicate from Canopius. Hyne, who starts immediately, spent 15 years at Canopius as Head of Professional Indemnity (PI). AEGIS London is a recognised PI leader in Lloyd’s, covering a range of classes and occupations including accountants, insurance brokers, archite...
London, UK — AEGIS London has today confirmed that Toby Sawyer has been promoted to the role of Head of Property. Sawyer takes over this role from Alex Powell who remains the Active Underwriter of AEGIS Syndicate 1225. Sawyer joined AEGIS London in 2009 and has been Deputy Head of Property since 2015. The property book at AEGIS London re...
