AEGIS London has appointed Matthew Yeldham as its new Head of Casualty.
Mr Yeldham joins on 12 July and, subject to regulatory approval, will also become a director of AEGIS London. A well-known figure in the London insurance market and respected leader in casualty business, Mr Yeldham was most recently Head of International Insurance for Aspen and active underwriter of Aspen’s syndicate at Lloyd’s. During an extensive career he has also held senior positions with Wellington and Catlin.
Mr Yeldham’s recruitment signals AEGIS London’s commitment to develop its casualty account and position it for growth in the medium term.
AEGIS London’s managing director Stuart Davies said : “Matthew is a key player in London market casualty business and is extremely well respected. We’re delighted to have persuaded him to join AEGIS London and lead our casualty team in the next phase of its evolution. Our objective in recruiting Matthew is to strengthen our highly regarded casualty team further, enabling it to grow in a managed way now and be perfectly positioned for strong growth when market conditions are optimal. His arrival is a major boost for us and allows our other casualty team members to focus on their strengths. In particular, it allows Chris Terry to focus on his specialism of international casualty, which is expected to be the main element of our growth strategy.”
Commenting on his new role, Mr Yeldham said: “AEGIS London is one of the success stories of recent years and an advertisement for what a sensible, long term strategy can achieve in this market. I’m delighted to be joining the team to lead its highly successful casualty account on to the next stage of its development.”
Following a degree in politics and philosophy at Southampton University, Mr Yeldham joined the Agnew Syndicate 672 in 1992,progressing to deputy liability underwriter. In 2001, he became an Underwriting Director of Wellington Underwriting Agencies Ltd (WUAL) with responsibility for all casualty and marine underwriting, subsequently rising to deputy chief underwriting officer by 2006, before taking on the role of deputy active underwriter with Catlin following the merger of the companies. In 2007, Mr Yeldham moved to Aspen as head of international insurance and active underwriter of the Aspen syndicate.
London, 8 June 2010
