McGill and Partners, an independent global specialist insurance and reinsurance brokerage, has entered into a strategic partnership with AEGIS London, part of Lloyds Group, to provide clients with smarter, digital solutions.
The collaboration aligns AEGIS London’s risk appetite across multiple business lines with McGill and Partners’ client portfolio. The platform will leverage advanced technology to significantly streamline the placement process by algorithmically identifying qualifying risks, providing quotes, and bundling coverage based on the prospect’s terms.
Underwriters will benefit from increased transparency through customized dashboards that provide data on risk selection and risk management to help them manage their portfolios. This supports strict underwriting standards while streamlining a historically complex process. Automating quoting and binding workflows and integrating them with AEGIS London’s predefined underwriting criteria will speed placement and increase overall efficiency.
Clients will receive faster access to high-quality follow-on capabilities based on the lead underwriter’s terms, conditions and pricing. This gives clients greater certainty and confidence that their placement needs will be met.
The program is powered by McGill and Partners’ proprietary Underscore brokerage platform, with the potential to expand to additional partners.
Steve McGill, CEO of McGill and Partners, said: “We are delighted to enter into this digital partnership with AEGIS London. It builds on our shared ambition to deliver smarter, digital solutions to our clients and drive real change in our industry. At its core, it will deliver what our clients value most: speed, certainty and high-quality capabilities. By streamlining the placement process, we unlock the ability for brokers to tap into the wider market more effectively, resulting in a superior client experience.”
Alex Powell, CEO of AEGIS London, added: “This represents a transformative approach to how we use purpose-built data analytics to inform and enhance underwriting decisions. By combining advanced analytics with innovative digital trading capabilities, we are creating a platform that not only simplifies access but also deepens collaboration with brokers, delivering benefits to our clients.
“Underwriting excellence remains at the core of AEGIS London and this initiative builds on that foundation through data-driven risk selection. The ability to automatically identify eligible risks and provide quoting and binding capabilities based on pre-defined underwriting criteria represents a significant step forward in delivering truly digital and dynamic trading capabilities to the market.”
