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AEGIS and Everest announce new alliance

We are pleased to announce a new underwriting alliance with Everest National Insurance Company, who will partner with us to provide primary admitted coverages for AEGIS members and non-member energy companies. The new AEGIS-Everest alliance is effective for business incepting January 1, 2016. It replaces our previous alliance with Liberty Mutual, and provides a more efficient and viable long-term structure. Liberty Mutual policies remain in effect per their terms; however, AEGIS will no longer be reinsuring Liberty Mutual policies incepting on and after January 31, 2016.

Everest National has a full admitted product offering including primary and excess workers' compensation, general liability and automobile coverage. Everest has full claims administration capabilities internally but, at an insured's request, they will accept third party administrators subject to their review process. Limits are available up to statutory for workers' compensation, up to $2 million for automobile and general liability, and up to $10 million for railroad protective liability. Everest National will also offer other services previously provided by Liberty Mutual, such as the certificate of insurance program.

Everest National is part of Everest Re Group, a world leader in property and casualty reinsurance and insurance, with an A.M. Best rating of A+ (Superior) with a stable outlook. AEGIS has a longstanding and substantial reinsurance relationship with Everest, and we know their management team well. We're confident that by partnering with Everest we will together be able to capably meet your primary admitted market insurance needs. This alliance will also benefit AEGIS, which will be a 55% quota share reinsurance participant on most risks and 100% on certain risks. In addition, these net premiums paid to AEGIS will be included in your premiums paid for purposes of calculating your excess liability continuity credit.

For more information, or to renew expiring alliance policies through the new AEGIS-Everest alliance, please contact George Keefe by e-mail or by phone at 201.508.2797, or contact your AEGIS underwriter.