Aegis London launches new digital follow consortium

Aegis London has launched a new digital follow consortium with MGA Augentic, giving brokers access to follow capacity across property, casualty and specialty risks through a single arrangement.

The Lloyd’s syndicate said the facility is a market first and designed to simplify the placement process and improve speed to market for increasingly complex risks.

The consortium brings together capacity from Aegis London, Argenta, Chaucer and Liberty Specialty Markets, allowing brokers to secure follow lines across multiple classes through one digital arrangement.

Tom Squires, head of distribution at Aegis London, said the facility was the first time the syndicate had combined its consortium model with its digital strategy.

He added digital follow structures could provide brokers with “greater speed and certainty”, while retaining the expertise of lead underwriters.

“This is about using digital capability to enhance underwriting excellence, not replace it,” he said.

‘Natural partner’

The launch comes as brokers face pressure to place complex risks more efficiently amid tighter timelines and capacity constraints across multiple classes.

Daniel Prince, chief executive at Augentic, said Aegis London’s underwriting approach made it a “natural partner” for developing sustainable facilities for clients, brokers and carriers.

Alex Powell, chief executive at Aegis London, added: ”As the market evolves, automation and rapid decision-making are increasingly critical.

”By embracing innovation and rethinking distribution, we are well positioned to seize new opportunities in specialty insurance, while remaining true to Aegis London’s strategy of delivering underwriting excellence.”