AEGIS London has named David Croom-Johnson as its new managing director. The firm has also announced a series of promotions within its senior management team.
Croom-Johnson, Syndicate 1225’s active underwriter since 2007, takes over the managing director role with immediate effect. He was made interim managing director last month following the resignation of Stuart Davies.
John Chambers, formerly deputy active underwriter and a member of AEGIS London’s team since 2000, takes on the newly created role of director of underwriting.
Alex Powell, formerly head of non-marine property, becomes active underwriter. The new deputy active underwriter is Matthew Yeldham, who continues as head of casualty.
Paul Kedney, formerly chief actuary, has been promoted to actuarial and risk director. James Halley remains as finance director.
All new appointments are subject to Prudential Regulatory Authority (PRA) and Lloyd’s approval.
The appointments were confirmed by the board of AEGIS London on 10th June.
Alan J. Maguire, president and CEO of AEGIS and chairman of AEGIS London, said: “In David we have the ideal successor to Stuart Davies. He’s been a key part of the leadership team that has turned AEGIS London into one of the most respected and consistently strong performing syndicates at Lloyd’s. An author of AEGIS London’s strategy, David’s flair for underwriting, his leadership skills and his market profile are a powerful combination.
“David will be supported by a uniquely strong and stable senior team. The team have been together for a number of years. Their knowledge of the business, its people and its relationships is all-encompassing. They also provide real consistency and continuity. The fact that we can promote from within is a testament to the quality of our people.”
Croom-Johnson said: “Being offered the mantle of managing director is a real honor, which I’m hugely grateful to accept. I’ve been at AEGIS London for some years alongside John, Alex and Matt. We have a fabulous team with real strength in depth and a culture that looks just that bit further ahead.
“Over the last decade, AEGIS London has evolved from an energy-oriented book to now being one of the most diversified businesses within the Lloyd’s market and has demonstrated a degree of consistency with an enviable track record. My challenge is to maintain that record while forging ahead with the strategic challenges that will keep AEGIS London ahead of the pack.”
According to rating agency A.M. Best, AEGIS London’s Syndicate 1225 has a record of good operating performance in recent years, as demonstrated by a five-year average combined ratio of 87 percent. In 2014, the syndicate achieved a very strong result, reporting a profit before tax of £60.5 million and a combined ratio of 85 percent.
Source: AEGIS London
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