12 June 2015 Insurance

AEGIS London appoints MD

AEGIS London, the UK-based subsidiary of AEGIS, has appointed David Croom-Johnson as its new managing director (MD).

He was appointed interim managing director last month following the resignation of Stuart Davies. Davies departed to take up the role of group chief executive officer at Canopius.

In addition, John Chambers, formerly deputy active underwriter and a member of AEGIS London’s team since 2000, takes on the newly-created role of director of underwriting.

Alex Powell, formerly head of non-marine property, has been appointed active underwriter and Matthew Yeldham has been appointed as the new deputy active underwriter. He will retain his responsibilities as head of casualty.

Paul Kedney, formerly chief actuary, has been promoted to actuarial and risk director, while James Halley remains as finance director.

Alan Maguire, president and chief executive officer of AEGIS and chairman of AEGIS London, said: “In David we have the ideal successor to Stuart Davies. He’s been a key part of the leadership team that has turned AEGIS London into one of the most respected and consistently strong performing syndicates at Lloyd’s. An author of AEGIS London’s strategy, David’s flair for underwriting, his leadership skills and his market profile are a powerful combination.

“David will be supported by a uniquely strong and stable senior team. The team have been together for a number of years. Their knowledge of the business, its people and its relationships is all-encompassing. They also provide real consistency and continuity. The fact that we can promote from within is a testament to the quality of our people.”

Croom-Johnson added: “Being offered the mantle of managing director is a real honour, which I’m hugely grateful to accept. I’ve been at AEGIS London for some years alongside John, Alex and Matt. We have a fabulous team with real strength in depth and a culture that looks just that bit further ahead.

“Over the last decade, AEGIS London has evolved from an energy-oriented book to now being one of the most diversified businesses within the Lloyd’s market and has demonstrated a degree of consistency with an enviable track record. My challenge is to maintain that record while forging ahead with the strategic challenges that will keep AEGIS London ahead of the pack.”

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