Lloyd’s managing agency AEGIS London has announced that it plans to target a 27% increase in underwriting over the course of 2021.
The business has confirmed that, on a gross premium basis, its capacity is expected to rise from £712 million in 2020 to £918 million in the new underwriting year.
It’s thought that the increase will be spread broadly across all lines of business, combining traditional Lloyd’s underwriting with the online quote-and-bind platform Opal.
AEGIS currently benefits from a ‘light touch’ regulatory status at Lloyd’s, due to its track record of profitability.
“2021 should be a year of real opportunities for the Lloyd’s market and we are in an excellent position to take full advantage of them,” said David Croom-Johnson, AEGIS London’s managing director.
“Our thoughtful and disciplined approach to managing our business is demonstrated by achieving a lower combined ratio than the Lloyd’s market average for the last 10 years and being in the top quartile of the market since 2010.”
