AEGIS president and CEO steps down; successor named
The president and chief executive officer of AEGIS, Alan Maguire, has decided to retire, following a 20-year career at the company.
Maguire will be succeeded by Owen Ryan, who will also be elected as a director of the company.
The transition is effective October 27, and Maguire will continue to be available to AEGIS as a consultant.
Ryan joins AEGIS after a 30-year career at Deloitte Advisory, having most recently served as chief executive officer.
For the past five years, Ryan has served as a strategic advisor to AEGIS and its board of directors.
“With the company in its strongest position ever, and with a talented, proven leader ready to take the reins, the time is right for me to retire from AEGIS and I am looking forward to life’s next chapter,” said Maguire.
“I am particularly pleased that Owen, who I recommended the board engage as an advisor several years ago, has been chosen as my successor. Owen comes to AEGIS with a deep understanding of our Company, and he has earned the respect of our Directors and management team as a key player in the development of our strategy refresh and the company’s enterprise risk management program.
“He has extensive experience serving both the energy and insurance industries, good judgement, and solid management abilities. Under his leadership, I am confident that the company will continue on its path of success.
“Lastly, I want to thank all of our members, brokers and reinsurance partners, whom I have come to know and respect through the years, for all of your guidance, encouragement and friendship. Working so closely with you has been a real pleasure. I also want to thank all our staff in the US and London. They are truly AEGIS’ key strength. Working with them has made my career so much more enjoyable and rewarding.”
Ryan added: “It is a great honour to be given the opportunity to lead AEGIS. As an external advisor to management and the Board, I have developed a true admiration for the leadership in New Jersey and London, AEGIS’ talented people, and the culture of competency, integrity, and ethics that is ingrained throughout the organisation.
“As a mutual insurer, AEGIS exists to serve its members. The depth and quality of the relationships the Company has forged over time with both members and brokers speaks to its deep commitment to this core mission. AEGIS London is a leading syndicate in the Lloyds market and its record of performance has been outstanding.
“The company is on the right course, with a proven strategy. I look forward to working with AEGIS’ best-in-class teams, both in New Jersey and London, to further enhance our products and services to anticipate and meet the evolving needs of our members.”
