Everest Re forms strategic alliance with AEGIS

Everest Re Group, the Bermuda holding company, has formed a strategic alliance between its US primary specialty insurer, Everest National Insurance Company, and Associated Electric & Gas Insurance Services (AEGIS).

The new partnership will provide primary admitted coverages to AEGIS members, and non-member energy companies, in the utility and related energy industry, including those involved with exploration and production.

Using its integrated and comprehensive infrastructure and in-depth capabilities, Everest National will provide a full admitted product set to these clients. This will include offerings for primary and excess workers’ compensation coverage, general liability, and automobile coverage, written on either a guaranteed cost or loss sensitive basis, subject to underwriting guidelines.

The new AEGIS-Everest alliance is effective for business starting from January 1, 2016.

“We are proud to partner with AEGIS to offer leading products and services to their member and non-member clients,” said Jonathan Zaffino, president of Everest National Insurance Company.

“We are excited to begin this new venture and support its success with our vast reach of admitted product capability and risk transfer solutions, leading claims services and the strength of our balance sheet. We look forward to a long-term and beneficial relationship with AEGIS and their member and non-member clients alike.”