AEGIS London hires cyber team to focus on building ‘profitable cyber portfolio’

AEGIS London, the top quartile Lloyd’s syndicate, has strengthened its position in the cyber market with the hire of a new underwriting team.

Daniel Johnson has been appointed to the role of class underwriter for cyber and is joined by Lydia Lambert, who becomes cyber underwriter. Both join AEGIS London from AIG

Daniel will report to Ben Lockwood, AEGIS London’s head of specialty underwriting.

Having begun his career with AIG in 2012, Daniel took on a number of cyber underwriting roles before moving to broker Aon in 2020. He subsequently rejoined AIG, rising to lead AIG’s UK cyber and technology team.

Lydia Lambert worked alongside Daniel at AIG holding a range of cyber underwriting roles before becoming major accounts cyber team leader.

Ben 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. 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.”

Daniel 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.”