We are pleased to announce that SCOR has just joined NEIL (Nuclear Electric Insurance Limited) and Berkshire Hathaway Specialty Insurance as the newest member of the AEGIS property consortium, which increases our total property capacity to $350 million for certain risks. Each of our consortium partners can add $50 million to our existing $200 million capacity, bringing the total to $350 million.
SCOR is a leading global reinsurer with $6.6 billion in surplus and an A.M. Best rating of A (Excellent) and an S&P rating of AA-. AEGIS has a long-standing reinsurance relationship with SCOR and we are grateful for their multi-year commitment to the AEGIS property consortium.
Many AEGIS members have expressed interest in reliable, sustainable, long-term property programs with higher limits and the consortium is helping meet this need. To date, we have bound property consortium policies for 34 member companies and we expect that number to increase as existing property programs expire and member companies undertake new projects. For more information, please contact Gary Ladman by e-mail or by phone at 201.508.2802.