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Daily Insurance Industry News
Wednesday 26th of September 2018
August 9, 2010

Aegis London expands into specie

by Gill Montia

Story link: Aegis London expands into specie

Aegis London has appointed a new specie team, which will be responsible for building a portfolio of specie business including jewellers’ block, fine arts, general specie and motor material damage and theft.

The team will be led senior underwriter, Ian Seakens, who will be supported by underwriter, Ian Morton, both having joined from Broadgate Syndicate where Mr Seakens was underwriting manager with the firm’s theft, bloodstock and livestock, and property schemes portfolios.

Commenting on developments, Aegis London active underwriter, David Croom-Johnson, says: “Our move into specie is an extension of our careful diversification strategy which has already seen us add expertise in areas such as reinsurance treaty, contingency, accident and health and leisure.

He adds: “This is a niche class that has proven it can be profitable provided you have underwriters with a good understanding of the business.”

 

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