Thanks to your strong support of the underwriting measures we've taken over the past five years, we are very happy to announce that A.M. Best has upgraded the financial strength rating for AEGIS to “A (Excellent)” from “A- (Excellent)” and revised the outlook to “stable” from “positive”.
A.M. Best stated: “The rating upgrade recognizes AEGIS’ strong risk-adjusted capitalization, which is appropriate for its current investment and insurance risks, a historically favorable long-term financial performance, as well as an experienced management team and the utilization of comprehensive enterprise risk management processes.” The rating agency also recognized the fact that policyholders' surplus has completely rebounded from 2008 financial crisis levels.
In addition, A.M. Best reaffirmed the "A (Excellent)" financial strength rating with a positive outlook for AEGIS London. Our analysts noted the financial strength of both AEGIS and the Lloyd's market, as well as the Syndicate's diversified book of business and favorable five-year combined ratio of 89%, as factors that supported their reaffirmation. Read the full A.M. Best press releases.
Thank you for your support in helping us achieve these excellent ratings.