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<\/p>\n![](\"https:\/\/www.insurancejournal.com\/app\/uploads\/2019\/06\/lloyds-underwriting-room.jpg\")
<\/div>\nLloyd\u2019s syndicate AEGIS London announced the creation of a new Portfolio Solutions division that will focus on following third-party underwriting expertise in the London market.<\/p>\n
Led by respected underwriter Richard Palengat, Portfolio Solutions will allow AEGIS London to engage with brokers in a broader range of ways while writing a diverse portfolio of follow business. This includes broker facilities, MGAs, reinsurance and Lloyd\u2019s consortia. The team also includes underwriters Henry Watts and Barry Plummer and Assistant Underwriter Bradley Lawrence.<\/p>\n
\u201cAEGIS London Portfolio Solutions has a dynamic and empowering mandate. It encompasses a diverse range of business lines and geographies, including property, casualty, specialty and multi-line business,\u201d commented Palengat, in a statement.<\/p>\n
\u201cWe 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-focussed underwriting approach,\u201d he added.<\/p>\n
\u201cWith the launch of Portfolio Solutions, we\u2019re embracing the future and ensuring we are best positioned to capitalise on the market as we see it evolving over the next decade,\u201d according to AEGIS London\u2019s CEO Alex Powell.<\/p>\n
Powell said AEGIS London is adapting to new ways of trading while continuing to underwrite complex business from Lloyd\u2019s. \u201cAs always, our new offering is backed by skilled underwriting teams and long-term commitment to classes.\u201d<\/p>\n
From January 2025, AEGIS London\u2019s underwriting divisional structure reflects the way in which business is increasingly accessed and traded rather than purely focused on product types as previously.<\/p>\n
Portfolio Solutions sits alongside the Specialist Underwriting division, which consists of market-leading underwriting teams in areas of AEGIS London\u2019s greatest expertise, AEGIS London said. Its existing Digital Trading team, which incorporates AEGIS London\u2019s OPAL quote-and-bind platform, now also becomes a division and is expanding its digital follow capabilities.<\/p>\n
\u201cUnderwriting expertise is at the heart of our consistent profitability, so with our recent changes we are enshrining those capabilities in a wider range of trading options,\u201d said Matt Yeldham, AEGIS London\u2019s chief underwriting officer.<\/p>\n
\u201cWe are ready to respond to business through a broader range of routes and engage with brokers in a clear and more agile manner. This builds on the series of adjustments to our business we have made over the last few years, including building our data capabilities and re-engineering many of our systems,\u201d Yeldham added.<\/p>\n
AEGIS London operates Lloyd\u2019s Syndicate 1225 and comprises the UK-based subsidiaries of AEGIS (Associated Electric & Gas Insurance Services Limited), a mutual insurance company that serves the needs of the North American energy industry. From its origins in 1999, AEGIS London has become a top quartile diversified Lloyd\u2019s syndicate with a team of over 230 people. For more than 11 years, AEGIS London has consistently been ranked in the top quartile of Lloyd\u2019s syndicates for financial performance, the company said.<\/p>\n
Topics<\/span> Excess Surplus<\/a> Lloyd’s<\/a> London<\/a> <\/p>\n<\/p><\/div>\n Was this article valuable?<\/p>\n<\/p><\/div>\n