We are pleased to report strong member support for our new Side A facility through Endurance Risk Solutions-US. In the few months since the coverage has been available, eight member companies have purchased coverage and 12 others are actively considering it. We are encouraged by this level of active collaboration with Endurance and we believe it reflects their financial strength and overall reputation in the industry.
Endurance offers Side A DIC coverage to AEGIS members on a stand-alone basis. Endurance independently underwrites, prices and administers the claims, and they offer significant capacity, up to $30 million. D&O members are eligible for continuity credits when purchasing this Side A coverage from Endurance. AEGIS participates in the program as a reinsurer so credits are calculated based on the reinsurance premium flowing to AEGIS.
Coverage details are posted on our website. For more information about Endurance Side A coverage, please contact Ray O'Byrne, Senior Vice President-Management Liability by e-mail or at 212.209.6533. If you have other D&O questions, please contact Karen Larson by e-mail or at 201.508.2804.