We are pleased to advise that AM Best has just reaffirmed our "A- (Excellent)" Stable outlook rating. In their current assessment of our results, they noted our "strong operating performance in 2009 and 2010" that contributed to increases in surplus as well as our "proven track record of developing long-lasting partnerships with members and brokers".
We believe AM Best understands the wisdom of the steps we've taken during the last two-and-a-half years to improve our capital strength, and recognizes the benefits of our enterprise risk management program. Their reaffirmation of our rating acknowledges our significant progress. With your support, we are confident we can maintain this momentum and serve your current and emerging risk financing needs well into the future.
We are also pleased to report that AM Best recently reaffirmed a rating of "A (Excellent)" for our Lloyd’s Syndicate 1225. The Syndicate also enjoyed a strong 2010 and continued to contribute to AEGIS’ recent surplus growth. The outlook for both ratings remains stable. The report cited the financial strength of the Lloyd's market as well as the benefits derived from the Syndicate's diversified writings and the support of AEGIS, the parent, as factors in the positive ratings.