Thanks to your strong support of the underwriting measures we've taken over the past several years, we are pleased to report that A.M. Best has reaffirmed its “A (Excellent)” rating with “stable” outlook for AEGIS. A.M. Best stated in their report:
“The ratings reflect AEGIS’ excellent risk-adjusted capitalization and historically strong long-term financial performance. … AEGIS continues to demonstrate a strong market profile as evidenced by a high member retention ratio, an adaptive and highly responsive management team, and the continued expansion of programs within its corporate mission. AEGIS has a strong enterprise risk management program and a strategic planning process to improve operational decision making. These efforts were evidenced by a strong operating performance in the most recent five years… A.M. Best further notes AEGIS’ proven track record of developing long-lasting partnerships with its members and brokers.”
In addition, A.M. Best reaffirmed the “A (Excellent)” financial strength rating with a positive outlook for AEGIS London. As support for their reaffirmation, the A.M. Best analysts noted in their report:
“The syndicate writes a well-diversified portfolio consisting of both property and casualty business. Diversification has improved significantly in recent years, due to a combination of growth in new classes and a reduction in energy and utility lines, which previously dominated the book. Syndicate 1225 maintains a good business profile and considerable expertise in energy and utility insurance despite this reduction, supported by its association with AEGIS, which is a Bermuda-based mutual serving US utility and energy companies. … The syndicate has an excellent track record of good underwriting profits, as demonstrated by a 5 year historical weighted average combined ratio of 87%, significantly better than that of the Lloyd’s market (92%).”
Thank you for your support in helping us maintain these excellent ratings.