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June 12, 2003

AEGIS Policyholders' Conference - July 29 to 31 - Boston

Please register now for the annual AEGIS Policyholders’ Conference which will be held at the Westin Copley Place in Boston, July 29-31, 2003. Details and registration forms were mailed two weeks ago and are also available online at .

Many members of our underwriting, claims and loss control staff will be available to meet with you on Tuesday, July 29 prior to the beginning of the conference. Please contact them directly to confirm that they will be in Boston and to schedule a meeting time.

Conference registration is complimentary and attendees are invited to bring guests. As with past conferences, AEGIS will reimburse one representative from each member company for the cost of three nights’ lodging. Brokers must be attached to a current AEGIS member policy in order to attend. If you have any questions, please contact Carrie White by e-mail or phone at 201.521.4524.

We look forward to seeing you in Boston!


AEGIS Property Program Update

Our members have supported the AEGIS property program to the point where we’re now able to broaden our focus to include property risks related to gas transmission, natural gas pipelines, electric cooperatives and electric wholesale facilities. Depending on various underwriting considerations, including geographic distribution, values, loss history and policy requirements, we can consider writing 100% of these member accounts as opposed to our usual quota-share underwriting philosophy for larger utilities.

In addition to broadening our property underwriting focus, we recently renewed our property treaty with our full $200 million in capacity. As part of this renewal, we can now provide coverage for non-certified acts of terrorism in the U.S. For those members who purchase TRIA, there is no additional charge for non-certified terrorism coverage in those cases where we either lead the program and the other carriers agree to terms or where we write 100% of the program.


New AEGIS Publications

We recently mailed copies of our new D&O handbook, “What Every Director & Officer Should Know: Corporate Governance and Accountability for Public Utilities and Energy-Related Companies.” Many members have read the publication, found the practical advice and self-assessment materials to be very useful, and have requested additional copies to distribute to their directors and top management. If you need additional copies, please contact my office or request them through .

In addition, our recently published 2002 annual report is now online at . You may request printed copies through as well.