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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.