Lloyd’s underwriter Aegis London has launched a portfolio solutions division to follow third-party underwriting expertise within the London market.
The new division expands Aegis London’s collaboration with brokers, enabling the company to write a diverse follow business portfolio. This includes broker facilities, managing general agents, reinsurance, and Lloyd’s consortia, according to the company.
Led by underwriter Richard Palengat, the team includes underwriters Henry Watts and Barry Plummer, as well as assistant underwriter Bradley Lawrence.
Palengat stated that Aegis London Portfolio Solutions spans property, casualty, specialty, and multi-line business across various geographies. He emphasized the focus on establishing long-term partnerships with consistently high-performing parties through a data-driven, analytics-based underwriting approach.
We are aiming to establish enduring partnerships with parties that demonstrate a record of consistent outperformance against their peers across the market cycle, based on a data-driven and analytics-focused underwriting approach.
Henry Watts, assistant underwriter Bradley Lawrence
Starting January 2025, Aegis London’s underwriting structure will align with how business is accessed and traded, moving away from the traditional product-centric model.
The Portfolio Solutions division will operate alongside Aegis London’s specialist underwriting division, which focuses on the company’s core expertise. Additionally, the digital trading team, including the Opal quote-and-bind platform, has become its own division, with plans to expand its digital follow capabilities.
These structural adjustments broaden trading options, said Chief Underwriting Officer Matt Yeldham. He said this “builds on the series of adjustments to our business we have made over the last few years, including building our data capabilities and reengineering many of our systems.
Aegis London is a Lloyd’s underwriter known for its expertise in offering specialty insurance and reinsurance solutions. It operates within the Lloyd’s market, leveraging its syndicate platform to provide a diverse range of coverage options tailored to complex risks.
The company focuses on underwriting a wide variety of lines, including property, casualty, marine, energy, specialty, and digital risks.
Aegis London emphasizes innovation and efficiency in its operations, supported by strong data analytics and technology. Its Opal platform enables digital trading, streamlining quote-and-bind processes for brokers and clients. The company’s approach combines traditional underwriting expertise with modern tools, ensuring it remains competitive and adaptable in the evolving market.
Known for its collaborative relationships with brokers and managing general agents, Aegis London prioritizes partnerships that deliver consistent results. Its commitment to flexibility and customer-focused solutions has positioned it as a trusted name in the London insurance market.