AEGIS London hires Novae PI head

AEGIS London, the UK-based subsidiary of AEGIS, has appointed Martin King to expand its professional indemnity (PI) capabilities and product range.

King joins from Novae, where he was PI/directors and officers (D&O) unit head. He will report to Matt Yeldham, AEGIS’ deputy active underwriter.

AEGIS London has written a North American-focused professional indemnity book for three years and it is hoped that King’s arrival will broaden that footprint to become fully global.

Yeldham said: “With AEGIS London, Martin will be looking at the standard PI professions on a broad international basis, which will complement fellow PI underwriter Nick Leighton’s North American book.

“Martin is an extremely experienced and capable PI underwriter and a highly credible figure in the market, having written a successful commercial PI book for over 20 years, which gives him real insight into his class and its performance.”