AEGIS 2025 Wildfire Coverage
More frequent and severe wildfires in recent years have prompted a growing demand for wildfire coverage. AEGIS recognizes our role in helping members meet their evolving risks and challenges by continuing to modify the proposed wildfire offering utilizing our strong capital position. Members were recently notified about our response to this ongoing critical need, which includes the following three actions:
The Group Structured Program is essentially a Mutual within the Mutual. It will include a well-spread and diverse group of Members.
Unlike the capacity offered currently (full wildfire coverage as standard language in the $50M excess policies) and the Expanded Wildfire Product ($25M in additional capacity sitting above the $50M excess policy), this Group Structured Program is not dependent on reinsurance, instead leveraging AEGIS' existing capital. Consequently, these limits can be deployed quickly. In turn, the Group aggregate limit would serve to reduce the capital risk to AEGIS and enable lower pricing of these wildfire limits.
Key terms of this Group Structured Program are as follows:
We have established pricing for all accounts so that you can evaluate this program specific to your risk. Please contact your broker or AEGIS casualty underwriter for details on pricing. The successful launching of this Group Structured Program depends on the support of a minimum number of Members. Unfortunately, if we do not receive enough interest and spread of risk, this program will be difficult for us to roll out. If you have any questions on the structure or coverage of this product, please contact Martin Gaffney (martingaffney@aegislimited.com).
In addition, we want to remind you that AEGIS Loss Control offers resources and support to ensure safe systems operations, protect workers and the public, and assist in minimizing wildfire-related losses. This includes risk assessments for both Property and Casualty, along with Casualty Focused Services that specifically address wildfire risks.
We thank you for your continued support and active involvement in making the Mutual what it is today. We look forward to hearing from you about this enhanced coverage opportunity.
AEGIS Regional Meetings Wrap-Up
We've concluded another successful round of Regional Meetings and extend a special thank you to our AEGIS members who participated. These candid discussions about insurance placements with AEGIS members and senior leadership help us understand current risks and shape the ways in which we develop products and services to meet our members’ evolving needs. AEGIS members who were unable to attend their regional meeting are encouraged to access a copy of the presentation by clicking here. If you have any questions about the presentation or any feedback, please contact Heidi Gossett, Vice President – Marketing, Communications & Member Relations, by e-mail or phone at 201.693.2667.
AEGIS Claims Corner
We are excited to announce a brand-new section in AEGIS News: the AEGIS Claims Corner! In this section, we will highlight intriguing stories about unique claims and the valuable lessons they provide. We aim to share resources that promote knowledge sharing and keep our members informed about risk reduction strategies, fostering a deeper knowledge within our community.
We are kicking off the AEGIS Claims Corner with the latest white paper from AEGIS Claims: Mutual Aid and Assistance – A Claims Perspective.
Over the past decade, the increase in devastating natural disasters has heightened the importance of the longstanding practice of mutual aid and assistance from other utilities and the need for clearly defined agreements. In its latest white paper, Mutual Aid and Assistance – A Claims Perspective, AEGIS outlines the questions both requesting and responding utilities should consider when entering into a mutual aid and assistance agreement, using examples of potential claims scenarios to illustrate important factors. Click here to download your copy of this important resource today.
AEGIS Announces 2025 Claims Roundtables
We are pleased to announce the dates and topics of our AEGIS 2025 Claims Roundtables, a one-of-a-kind program focusing exclusively on educating and preparing attorneys, claims and loss control professionals, and risk managers in the energy industry.
Thursday, June 5, 2025 – Workers’ Compensation Symposium 2025: Structured Settlements, Case Law Updates, and the Intersection of Workers Compensation & General Liability
Thursday, October 9, 2025 – Cyber Resilience: Incident Response Tabletop Exercises and Litigation Updates
These live webinar sessions are led by recognized industry faculty, who are highly experienced in the management and direction of complex claims and litigation issues.
Now in its 36th year, the AEGIS Claims Roundtable program reflects our commitment to providing members with superior claims-related services and building our collective industry expertise. We encourage you to click the link to learn more about this unique program. We look forward to your participation in the AEGIS 2025 Claims Roundtables!
2025 Loss Control Webinar Schedule
AEGIS Loss Control is proud to announce its 2025 webinar schedule. Mark your calendars for these one-hour webcast sessions that cover a wide variety of safety and risk management topics of interest to electric, natural gas and water utilities. Risk managers, as well as safety, engineering, and operations personnel, are encouraged to attend.
Utility Wood Pole Inspection and Maintenance White Paper Available
As electrical utility infrastructure ages, posing increased risks, wood pole maintenance and inspection strategy has become a priority for electric utilities. In its latest white paper, Utility Wood Pole Maintenance, AEGIS Loss Control highlights examples of significant claims that have resulted from pole failures and provides an overview of the elements of a successful pole inspection program, including asset management strategy, inspection methods, reject criteria and quality assurance practices. The white paper also discusses the impact of joint pole agreements on pole maintenance, and the importance of effective coordination among various attachers to maintain system integrity must be considered.
We encourage you to download the AEGIS Utility Wood Pole Maintenance White Paper for more information on effective wood pole maintenance and inspection.
AEGIS Loss Control is available to discuss, review and/or evaluate electric maintenance programs with member companies. Please contact Laura Strowbridge at laurastrowbridge@aegislimited.com or 201-289-0787 or your assigned Senior Electric Utility Professional.
Welcome New Member Relations Representatives, Lisa Groff and Joe Bramer
We're thrilled to start the new year by welcoming Lisa Groff and Joe Bramer as our newest Member Relations Representatives in the AEGIS Member Contact Pool.
As long-time industry veterans and former Risk Management Advisory Committee (RMAC) members, Lisa and Joe have much to offer in their new role connecting with our policyholder members.
Recently retired as Vice President and Chief Risk Officer for American Electric Power Company, Lisa brings over 24 years of Insurance Risk Management, Enterprise Risk Management and Credit and Contract Risk Management experience.
Joe's career has spanned nearly 40 years in risk management, most recently as Director Insurance Risk for TC Energy before retiring. Joe is also a frequent speaker at insurance industry events on claims and risk management topics in the energy industry.
With the addition of Joe and Lisa, you should expect to hear from your assigned Member Relations Representative in the coming weeks. We have worked hard to ensure that their territories align seamlessly while minimizing the number of members who are transferred to new representatives.
To learn more about the AEGIS Member Contact Pool, please contact Heidi Gossett, Vice President – Marketing, Communications & Member Relations, by e-mail or phone at 201.693.2667.
Save the Date: AEGIS 2025 Annual Policyholders' Conference
Be sure to mark your calendars for our 2025 Annual Policyholders' Conference, July 21-24. We look forward to seeing you this Summer in Boston, where AEGIS will be celebrating its 50th anniversary!
AEGIS is Moving
In case you missed our announcement in the last edition of AEGIS News, AEGIS is moving! After 18 years in our current location, our office is moving to a beautiful building in vibrant Jersey City, NJ. Renovation plans for our new space continue to progress, with an anticipated move date in the second half of 2025. We look forward to sharing the progress on our new home.
