AEGIS London MD departs for Canopius

The managing director of AEGIS London has resigned after ten years in the position.

Stuart Davies has departed the company to take up the role of group chief executive officer at Canopius.

“Stuart leaves AEGIS after ten years at the helm and leaves the company in great health with a strong management team overseeing Syndicate 1225, consistently one of the most profitable syndicates in Lloyd’s,” said AEGIS.

David Croom-Johnson, who currently serves as active underwriter of Syndicate 1225, has immediately taken up the role of interim managing director and John Chambers, currently the deputy active underwriter, has assumed the role of interim active underwriter.

Davies succeeds Michael Watson who remains chairman of Canopius.

Watson said: “I am delighted to welcome Stuart as my successor as CEO and am confident that, under his leadership, Canopius will attain new heights.  It has been my privilege to lead Canopius for the past 14 years and I am honoured to remain as chairman, however now is the right time for a new generation of executive leadership to drive the business forwards.”

Davies added: “I am excited to be joining Canopius and helping to realise its potential as the global specialty platform of Sompo Holdings.  I look forward to working with Michael and leading the well-respected Canopius team as we embark on the next phase of our growth.”