Aegis London is one of the most consistently top performing syndicates in the Lloyd’s market. It’s also one of the least volatile.
The business has a new CEO, Alex Powell and so it was only natural that I should invite him onto the show for a catch-up.
Alex has been with Aegis since the year 2000 when it was a fledgling syndicate so he knows this firm inside and out – to use his own phrase, he’s been sheep-dipped in this business’s culture.
It’s clear from this meeting that we shouldn’t expect radical departures from Alex – but that doesn’t mean that we shouldn’t expect Aegis London to be radical.
Because this is a radical business at heart. It’s found a way of putting into practice what many preach but what is enormously difficult to do – grow when you can and preserve capital when you can’t – and all the while maintaining a healthy balance that brings genuine diversification benefits.
It’s also pioneered the digitisation of specialist business classes with a large degree of success, which is something many would not have predicted.
In this meeting we spend a lot of time examining the market and going over the secrets of Aegis’s success. I don’t want to spoil it for you, but a bit like his predecessor David Croom-Johnson, Alex seems to be a good living example of the culture he wants to engender in his staff.
He is easy-going, curious, smart and charismatic and is open and honest about his strategy and what has and hasn’t worked over the years
He’s not prone to hyperbole and gives a strong impression that he would be an excellent person to work for.
And perhaps that is the real secret as this business looks to make the most out of what remains of this hard market.
But don’t take my word for it. You should hear it for yourself.
LINKS
We thank our naming sponsor AdvantageGo:
https://www.advantagego.com/
Ep164 Andrew Horton QBE: An injection of pace
Ep163 Richard Clapham & Luis Muñoz-Rojas of DUAL Group: Get the ham, not just the bone
Ep162 Scott Egan CEO SiriusPoint: Re-establishing credibility in the marketplace
Ep161 Greg Hendrick CEO Vantage Risk: There’s no such thing as The Vantage Way
Special Ep Andrew Bart, CEO International Operations Crawford & Company: The Future of Loss Adjusting
Ep160 Andrew Robinson CEO Skyward Specialty Insurance: Still navigating by the North Star
Special Ep John Neal CEO Lloyd’s: I’d love to be underwriting today
Ep159 James Baird & Paul Richards Co-CEOs Consilium: Do you pass the barbecue test?
Ep158 Trevor Carvey CEO Conduit Re: The Cat tide has lifted all the property ships
Ep157 Killian McDermott Executive Partner POP Holdings: The opposite of the Palo Alto approach
Ep156 Duncan Dale, CEO Dale Underwriting Partners: Everything’s better than we planned for
Ep155 James Hands CEO Miller: Always looking through a client lens
Special Ep. Risto Rossar CEO of Insly: How no-code software will unleash an age of insurance innovation
Ep154 Richard Watson and Stuart Bridges of Inigo: Curiosity & Hard Work
Ep153 Ben Hubbard CEO & Co-Founder of Parsyl: Bringing a good kind of naïveté to insurance
Ep152 Phil Hobbs President & Managing Director at Liberty Specialty Markets: Meeet the $24bn (re)insurer
Ep151 Rob Schimek Group CEO bolttech: Cooperate to graduate
Ep150 London: Creative when we need it to be, with John Sutton and Jonathan Tritton of Acrisure London Wholesale
Ep149 Adrian Cox CEO Beazley: High Risk & High Reward
Ep148 Reinsurance Reset 2023 with David Priebe, James Vickers & David Flandro
Create your
podcast in
minutes
It is Free
The Commercial Edge: Unleash the Power of People
The emPOWERed Half Hour
NABOR® TALKS
U.S Property Podcast
Aligned Money Show
The Ramsey Show
Planet Money