AEGIS London appoints new head of delegated authority business

AEGIS London has promoted Nicola Major to the newly created role of head of delegated authorities.

Previously delegated underwriting audit manager, Major takes up the post with immediate effect, reporting to AEGIS London’s director of risk and compliance, Graeme Tennyson.

In addition to managing AEGIS London’s delegated authority team, Major’s key responsibilities include onboarding new coverholders, auditing lead coverholders and ongoing due diligence. She will also seek to strengthen controls while ensuring regulatory compliance.

Graeme Tennyson said: “Delegated authority business holds a very significant place in AEGIS London’s portfolio. We recently took the decision to create a stand-alone role covering our delegated authorities operations, which reflects the importance we place on this distribution channel.

“Nicola has considerable experience of delegated authorities and has seen the business evolve over time. She’s extremely well qualified to lead our team and maintain high standards of management.”

Nicola Major said: “After having worked in delegated authorities for nine years, I’ve seen areas of the business that would benefit from stronger management and ways in which it can be handled more holistically. I’m looking forward to implementing this approach.”

Prior to her current role, Major had been at AEGIS London since 2015 as delegated underwriting audit manager. Previously she held roles with Beazley and ACE European Group.

She is also a member of the Lloyd’s Market Association’s delegated authority group.

Approximately 50 percent of AEGIS London’s gross written premium derives from delegated authority business. Most of it is written in Canada, US, UK, Australia and Europe.