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Member property credit declared

Based on your continued support of the AEGIS domestic property program, and despite the effects of the Hurricanes Katrina and Rita, the property underwriting results for the most recent three-year period (ending December 31, 2005) were positive. As a result, we were pleased to declare an overall member property credit of $6.5 million. Qualifying members recently received details in the mail regarding their share of this credit and how it can be applied to their property premium upon renewal.

This is the fourth consecutive year that AEGIS has declared a domestic property credit. 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. Together, these considerations continue to set the AEGIS property program apart from the commercial market.

To qualify for the property credit, a member must have AEGIS participation of 20% of a quoted layer or $150 million of domestic AEGIS capacity on risk. For more information about the AEGIS property program, please contact Gary Ladman by e-mail or by phone at 201.508.2802.