AEGIS London, the UK-based subsidiary of mutual energy insurance and reinsurance company AEGIS (Associated Electric & Gas Insurance Services Limited), has announced the appointment of Toby Sawyer as Head of Property.
Sawyer takes over the Head of Property role at AEGIS London from Alex Powell who will remain Active Underwriter at the re/insurers AEGIS Syndicate 1225.
Sawyer has been with AEGIS London since 2009, in the role of Deputy Head of Property since 2015.
AEGIS’ property underwriting book makes up around 35% of the syndicate’s overall income for 2017 and is a global energy insurance and reinsurance account, with an emphasis on the USA and Canada. The underwriting book consists of open market and binder business as well as power and treaty reinsurance.
Alex Powell commented on the appointment; “Syndicate 1225 is blessed with a very strong property team and Toby is more than ready to step up to this challenge in what is a very difficult market. His track record at AEGIS London demonstrates that he can run a profitable book in the prevailing market conditions.”
Sawyer added; “I am delighted to be given this opportunity and I look forward to working with Alex and the team in making 2017 another successful year with AEGIS London.”
AEGIS sees its energy property business as a key strand to its book, helping to reinforce its strategy for disciplined profitable growth.