AEGIS London has appointed its first delegated authorities head.
The newly created post means a promotion for delegated underwriting audit manager Nicola Major (pictured), who takes on the higher position effective immediately. Major, a member of the delegated authority group at Lloyd’s Market Association, will report to AEGIS London director of risk and compliance Graeme Tennyson.
“Delegated authority business holds a very significant place in AEGIS London’s portfolio,” noted Tennyson. “We recently took the decision to create a stand-alone role covering our delegated authorities operations, which reflects the importance we place on this distribution channel.
“Nicola has considerable experience of delegated authorities and has seen the business evolve over time. She’s extremely well qualified to lead our team and maintain high standards of management.”
Major’s remit will include managing the unit, onboarding new coverholders, auditing lead coverholders, as well as seeking to strengthen controls while ensuring regulatory compliance.
“After having worked in delegated authorities for nine years, I’ve seen areas of the business that would benefit from stronger management and ways in which it can be handled more holistically,” commented the Beazley and ACE European Group alumnus who has been with AEGIS London since 2015. “I’m looking forward to implementing this approach.”
According to the company, approximately half of its gross written premium derives from delegated authority business, most of which is written in Canada, the US, the UK, Australia, and Europe.