Lloyd’s insurer AEGIS London has announced the hire of a new underwriting team to focus on building a ‘profitable cyber portfolio’ and strengthen its position in the cyber market.
Daniel Johnson has been appointed to the role of class underwriter for cyber and is joined by Lydia Lambert, who becomes cyber underwriter. Both joined AEGIS London from AIG.
Johnson, who will report to Ben Lockwood, AEGIS London’s head of specialty underwriting, had been part of AIG since 2012, where he took on a number of cyber underwriting roles.
He then joined broker Aon in 2020 and subsequently rejoined AIG, rising to lead AIG’s UK cyber and technology team.
Lambert worked alongside Daniel at AIG holding a range of cyber underwriting roles before becoming major accounts cyber team leader.
Commenting on the appointments, Lockwood said: “In Dan and Lydia, I believe we’ve found the right individuals to craft a sensible, robust and profitable cyber portfolio for AEGIS London that’s sustainable across the insurance cycle.
“Although we’ve not had a dedicated cyber team since 2015, we’ve been watching the market with great interest, in part because we’ve been involved in a number of cyber binders and consortia.”
Lockwood added: “We feel now that the market’s matured, learned some hard lessons and begun to find some sort of equilibrium as an important part of the wider Lloyd’s market. Underwriters’ ability to assess price and aggregate risk has also come on by leaps and bounds, which gives us confidence in the class.”
Johnson said: “As a class underwriter, AEGIS London provides me with the stable, profitable, long-term focused platform necessary to build a strong portfolio. The cyber market provides an attractive opportunity for AEGIS London to strategically diversify its specialty classes.”
