Everest Re Group’s US specialty insurer Everest National Insurance has partnered with Associated Electric & Gas Insurance Services (AEGIS) to provide primary admitted coverages for the energy companies.
The new partnership will offer primary admitted coverages to AEGIS members and non-member energy firms in the utility and related energy industry, including the firms involved in exploration & production.
Everest National will provide a full admitted product set to the clients through using its integrated and comprehensive infrastructure and in-depth capabilities.
The clients will be provided with offerings, including primary and excess workers’ compensation coverage, general liability and automobile coverage. These will be written on either a guaranteed cost or loss sensitive basis, subject to underwriting guidelines.
Everest National Insurance president Jonathan Zaffino said: "We are proud to partner with AEGIS to offer leading products and services to their member and non-member clients.
"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."
Recently, Everest Re Group has added inland marine underwriting team, including Mike Warfield and Matt Bisig, to the Everest National Insurance. They will handle both individual risks and select inland marine programs.
Everest National Insurance provides property and casualty reinsurance and insurance services to its customers.
Image: Everest National Insurance and AEGIS partner to provide primary admitted coverages for energy companies. Photo: courtesy of Stuart Miles / FreeDigitalPhotos.net.