AEGIS CEO sees 'real opportunities' for the Lloyd’s market in 2021

Lloyd's managing agency AEGIS London is poised that it will be able to achieve sustainable profitable growth next year, driven by disciplined underwriting and taking advantage of "real opportunities" in the London market.

The London-listed company plans to increase its underwriting by 27 percent in 2021.

AEGIS stated that its capacity will rise from £712 million in 2020 to £918 million, on a gross premium basis, in the new underwriting year.

It believes the increase will be spread broadly across all lines of business, combining traditional Lloyd’s underwriting with the online quote-and-bind platform Opal, which allows access to a much broader range of profitable new business.

David Croom-Johnson, AEGIS London’s managing director, said: “2021 should be a year of real opportunities for the Lloyd’s market and we are in an excellent position to take full advantage of them.

"Our thoughtful and disciplined approach to managing our business is demonstrated by achieving a lower combined ratio than the Lloyd’s market average for the last 10 years and being in the top quartile of the market since 2010.”