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AM Best Rating reaffirmed

We are pleased AM Best just reaffirmed its A (Excellent) rating for AEGIS. Although Best’s added a negative outlook to reflect the impact on our capitalization due to last year’s hurricanes and our D&O losses from 1999 to 2002, they stressed “AEGIS’s excellent capitalization and historically strong long-term financial performance” and noted “AEGIS has grown surplus levels through profitable operating results.” Given that our year-end surplus for 2006 is projected to top $1 billion for the first time in the history of AEGIS – and our preliminary planned results for 2007 are positive – we believe we remain very well positioned to fulfill our mission for the membership.