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International

Aegis London’s profits nearly double despite COVID-19

March 08, 2021 Reprints

U.K.-based insurer Aegis Managing Agency Ltd., which operates Lloyd’s Syndicate 1225, reported 94% year-on-year growth in profit to £60.3 million ($83.5 million) in 2020 despite an active catastrophe season and COVID-19 related losses, Reinsurance News reported. Aegis London saw 8% growth in written premium gross of commissions to £707.9 million.

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Aegis London’s profits nearly double despite COVID-19

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