Aegis London
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The CEO said smart-follow is a structural evolution of the specialty market. -
The syndicate says it will not set any top-line targets on digital follow strategies.
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The Applied Underwriters unit has been building out its product base in the London market.
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The company booked profit for the year of £247mn, up 20% on the prior year.
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Seven team members are set to exit, including team lead Cooke.
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New entrants in the cargo space have caused another round of talent displacement.
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Head of portfolio solutions Richard Palengat will lead the division.
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Syndicate 318 has been expanding into specialty classes over the past few years.
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The executive said that with a single platform and capital base, the company had few distractions.
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Listen in as Aegis London CEO Alex Powell discusses how to underwrite profitably through the cycle, the carrier’s growth in the cyber market, and the company’s future strategy.
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The firm has hired from Probitas, Tamesis Dual and Aegis for the cells.
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It has appointed Daniel Johnson and Lydia Lambert to run the book.
