Reinsurance News
AEGIS London
AEGIS London promotes Simon Cooper to Head of Underwriting Insight
15th March 2021
Lloyd’s managing agency AEGIS London has promoted Simon Cooper, previously Head of Specialty, to the newly created role of Head of Underwriting Insight. Cooper will be succeeded by Ben Lockwood who was previously the specialty team’s Deputy Head. The role of Head of Underwriting Insight has been created to reflect the growing ... Read the full article
AEGIS London profits double in 2020
5th March 2021
Lloyd’s Syndicate 1225 managed by AEGIS Managing Agency Ltd (AEGIS London) nearly doubled its profits in 2020 despite Covid-19 losses and an active catastrophe season. The Syndicate posted a UK GAAP profit of £60.3 million, up 94% on 2019’s figure of £31.1 million. Meanwhile, written premium gross of commissions was £707.9 million, ... Read the full article
AEGIS London’s Opal reports 40% growth in 2020
15th February 2021
Opal, AEGIS London’s online quote-and-bind platform, has reported 40% growth in trading during 2020, based on $70 million gross premium passing through the platform. The platform was originally designed to provide a means for SME business to be written in Lloyd's of London. AEGIS notes that this 40% rise is a combination ... Read the full article
AEGIS targets 27% underwriting growth in 2021
4th December 2020
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 ... Read the full article
Phil Lucas takes Digital Applications Manager role at AEGIS London
7th October 2020
Lloyd’s managing agency AEGIS London has promoted Phil Lucas to the newly created role of Digital Applications Manager. Lucas was formerly Business Application Manager, having originally joined AEGIS London in 2010. He has over 20 years’ experience in application and IT support and manages the infrastructure of AEGIS London’s Opal online quote-and-bind ... Read the full article
AEGIS London’s Opal platform sees record-breaking month
9th June 2020
AEGIS London has revealed that for the very first time, its online quote-and-bind platform Opal generated more than $5 million of net premium in a single month. The record-breaking volumes of business seen last month, means that as of the end of May 2020, Opal has now generated $100 million net ... Read the full article
AEGIS London bolsters executive team
13th May 2020
Lloyd’s managing agency AEGIS London has added Katie Wade as Chief Financial Officer and announced the appointment of Rhic Webb to the newly created role of General Counsel and Company Secretary later this year. Both will report to Managing Director David Croom-Johnson. Wade was most recently Group CFO with insurer ERS. Having ... Read the full article
AEGIS London promotes Gemma Burns to Head of Digital Underwriting
1st May 2020
Lloyd’s managing agency AEGIS London has announced the appointment of Gemma Burns as Head of Digital Underwriting. Burns has worked with the firm for the past 20 years and has been promoted into this role on her return from maternity leave. Commenting on her appointment, Burns said, “Returning to work after maternity ... Read the full article
AEGIS London reports 7% rise in profit for its managed syndicate in 2019
16th March 2020
AEGIS London, a Lloyd's of London managing agency, has announced that its managed syndicate recorded a 7% rise in profit in 2019 to £31.1 million, compared with £29.1 million a year earlier. The year-on-year increase in profit reported by AEGIS was achieved in spite of foreign exchange losses of £5 million. The ... Read the full article
AEGIS London recruits Head of HR from CNA Hardy
27th February 2020
Lloyd’s of London managing agency AEGIS London has announced the appointment of Claire Parkinson as Head of HR. Parkinson was formerly Director and HR Business Partner at CNA Hardy, where she has worked since May 2017. Prior to that, she worked in a number of HR roles across the UK and internationally ... Read the full article
AEGIS London names Nicola Major as head of delegated authority
20th February 2020
Lloyd’s managing agency AEGIS London has announced the appointment of Nicola Major as head of delegated authorities, effective immediately. In this newly created role, she will be responsible for managing the company’s delegated authority team, as well as onboarding new coverholders, auditing lead coverholders, and ensuring regulatory compliance. Major has been at ... Read the full article
AEGIS London launches digital trading division
28th October 2019
Lloyd’s managing agency AEGIS London has launched a digital trading division as the firm looks to build on the success of its online quote-and-bind platform Opal. AEGIS London’s head of digital trading Tom Squires will lead the new division with support from digital trading manager Angus Turner and Phil Lucas, business ... Read the full article
AEGIS London projects 5% growth for Lloyd’s syndicate in 2019
15th March 2019
Lloyd’s managing agency AEGIS London is expecting to grow its Syndicate 1225 by 5% in 2019 following another profitable year. AEGIS London delivered a combined ratio of 94% and profits of £22m for 2018, overcoming difficult market conditions and a challenging business review process at Lloyd’s. This was also 32% ahead of ... Read the full article
AEGIS London adds Tom Squires as Head of Digital Trading
4th March 2019
Lloyd’s managing agency AEGIS London has announced the appointment of Tom Squires as Head of Digital Trading, a newly created role. Squires, who previously served as AEGIS London’s Deputy Head of Casualty, will oversee the firm’s online quote-and-bind platform OPAL (Online Platform Aegis London). “We are investing in digital trading across the ... Read the full article
AEGIS London announces board additions
14th January 2019
AEGIS London has 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 of the managing agency. At the same time, Christopher Crane, President and Chief Executive Officer (CEO) of U.S. energy supplier, Exelon Corporation, has been named non-executive ... Read the full article
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