Based on your continued support of the AEGIS domestic property program, the results for the most recent three-year period (ending December 31, 2004) were very good. As a result, we are pleased to increase the overall member property credit from $6.3 million to $7 million. Qualifying members will soon receive details in the mail regarding their share of this credit and how it can be applied to their property premium upon renewal.
To date, more than 200 members have chosen to include AEGIS’s capacity as a major part of their property programs based on our favorable terms and conditions, our collaborative approach to claims management, our expanded property engineering services, and our commitment to share good results among participating members.
To qualify for the property credit, a member must have AEGIS participation of 20% of a quoted layer or $150 million of AEGIS capacity on risk. For more information about the AEGIS property program, please contact Gary Ladman by e-mail or by phone at 201.521.4831.