Aegis reports 40% growth in e-trading usage as lockdowns push market onlineLloyd’s managing agency Aegis London’s online quote-and-bind platform Opal experienced 40 percent growth during 2020 amid a boom in electronic trading within the London market due to coronavirus lockdowns.
Aegis Syndicate 1225 to grow 27% in 2021Aegis London’s Syndicate 1225 will increase its underwriting capacity by 27 percent in 2021.
Aegis promotes Lucas to digital role on e-trading surgeLloyd’s managing agency Aegis London has promoted Phil Lucas to the newly-created role of digital applications manager.
Aegis reports “record” e-trading usage as Covid-19 forces market onlineLloyd’s managing agency Aegis London’s online quote-and-bind platform Opal handled over $5mn of net premiums in May as the use of electronic trading within the London market continues to boom during the coronavirus lockdown.
Aegis looks to ERS for CFO and Axa XL for general counselLloyd’s managing agency Aegis has made two appointments to its senior leadership team.
Aegis London launches digital trading division with Squires at helmLloyd’s managing agency Aegis London has unveiled a digital trading division, appointing Tom Squires, former deputy head of casualty, to lead the operation.
Aegis looks to grow Lloyd’s syndicate 5% in 2019Lloyd’s managing agency Aegis London expects to grow its Syndicate 1225 by 5 percent in 2019 despite a backdrop of difficult market conditions and the “challenging” Lloyd’s business review process.
Aegis London shuffles board as Dalton stands downLloyd’s managing agency Aegis London has made two appointments to its board as non-executive chair William Dalton retires.
Beazley, AEGIS and Allied World lead first-ever PPL league tableSyndicates managed by Beazley, AEGIS and Allied World lead the first published league table of Lloyd’s adopters of PPL, the e-placing platform that is being rolled out in the London subscription market.
Cal Phoenix Re cat bond priced as total lossThe $200mn Cal Phoenix Re Ltd ILS is being priced as an effective total loss in the secondary cat bond market which also suggests investors believe PG&E’s $1.4bn insurance program will be totalled by the ferocious Californian Camp fire.
Insurers and ILS investors exposed to $1.4bn PG&E Cali wildfire coverAs wildfires continue to ravage large swathes of California, insurers face potential exposure through the upsized $1.4bn insurance cover bought by Pacific Gas and Electric Company (PG&E) on 1 August 2018 after the utility firm admitted it could be on the hook for billions of dollars in liability.
Berkshire Hathaway’s Abel made Aegis London non-execBerkshire Hathaway’s chairman of non-insurance business operations and potential Warren Buffett successor Greg Abel has been made a non-executive director of Aegis London’s board.
Aegis syndicate remains in the black as it looks to up 2018 capacityAegis’ Lloyd’s unit has posted a 99 percent combined ratio for 2017 despite “substantial headwinds” from the Mexico earthquakes and California wildfires.