Thanks to member support of our disciplined approach to underwriting, we are pleased to report that A.M. Best has reaffirmed its “A (Excellent)” rating with “stable” outlook for AEGIS. Some of the highlights of the report are:
- As a member-owned mutual, AEGIS has deep access and understanding of the energy and utility insurance industry in the U.S. and Canada with a long track record of very high member retention.
- Combined ratios were barely impacted by the natural catastrophe events in 2017 and 2018, primarily due to well-disciplined underwriting and prudent use of reinsurance. Also supporting underwriting stability is the diversification benefit between the mutual and AEGIS London businesses that, taken together, have shown significant stability in the last five years.
- The company consistently produced positive operating results over the last 10-year period.
The complete report is posted on the AEGIS website.