Issue | 

July 9, 2003

New following form excess liability product

To assist the membership in completing their excess liability programs, we’re pleased to announce new capacity to be written through AEGIS Energy Syndicate 1225. Available only to AEGIS members, the maximum limit available is $25 million each occurrence and in the annual aggregate of coverages combined. The minimum attachment point is excess of AEGIS and EIM, or $85 million, whichever is less.

The policy follows the terms and conditions of the underlying AEGIS excess liability policy with only three differences necessitated by reinsurance limitations:

  • Absolute exclusion for asbestos
  • Annual aggregate policy limit equal to per-occurrence policy limit
  • Non-sudden pollution subject to $100 million aggregate limit applicable collectively to all following form AEGIS excess policies issued between July 1, 2003 and June 30, 2004

Like the underlying AEGIS policy, coverage is written on a claims-first-made basis. Terrorism coverage for both certified and non-certified events is available and is subject to an additional premium charge.

For more information, please contact David Croom-Johnson via e-mail or 011.44.207.265.2130.

 

AEGIS Policyholders' Conference - July 29 to 31 - Boston

It's still not too late to register for the annual AEGIS Policyholders’ Conference which will be held in Boston, July 29-31, 2003. Details and registration forms were mailed in late May and are also available online .

The Westin Copley Place has a few rooms available and the reservation deadline has been extended to Wednesday, July 9. If you have not reserved your room, please contact the Westin Copley Place directly at 617.262.9600.

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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.

We look forward to seeing you in Boston!

 

New hazard awareness training programs

Two new training videos that complement existing safety education programs for emergency responders were recently produced by our loss control group. Electricity – Recognizing and Avoiding the Hazards outlines the fundamentals of electricity, the basics of electric utility systems, and safe practices for managing situations associated with downed wires and fires involving electric facilities. Natural Gas - Recognizing and Avoiding the Hazards outlines the gas delivery system, properties of natural gas, and safe practices for dealing with emergencies involving natural gas leaks, fires, and carbon monoxide. Both are available in VHS or DVD format. To order copies, please contact Scot Macomber by e-mail or 201.521.4552.