Demotech Affirms the Financial Stability Rating® Assigned to AEGIS Healthcare RRG, Inc.
Columbus, Ohio, September 8, 2021: The Financial Stability Rating® (FSR) of A, Exceptional, assigned to AEGIS Healthcare RRG, Inc. has been affirmed by Demotech, Inc. This level of FSR is assigned to insurers who possess exceptional financial stability related to maintaining positive surplus as regards policyholders, liquidity of invested assets, an acceptable level of financial leverage, reasonable loss and loss adjustment expense reserves (L&LAE) and realistic pricing.
FSRs summarize Demotech’s opinion of the financial stability of an insurer regardless of general economic conditions or the phase of the underwriting cycle. FSRs utilize statutory financial data based on insurance accounting principles prescribed or permitted by the National Association of Insurance Commissioners (NAIC). Since 1989, FSRs of A or better have been accepted by the major participants in the secondary mortgage marketplace.
About AEGIS Healthcare RRG, Inc.
AEGIS Healthcare RRG, Inc. (AEGIS) was formed in 2004 to provide claims-made professional and general liability insurance coverage to long-term care facilities that are located in Maryland and neighboring states. AEGIS is domiciled in the District of Columbia. The RRG issues primary limits of $1,000,000 per claim and $3,000,000 annual aggregate and offers excess/umbrella coverage up to $5,000,000. The RRG added privacy liability coverage to the program in 2014. AEGIS places a strong emphasis on underwriting, risk management, and claims handling standards and has enjoyed success due to this philosophy along with dedicated leadership from the Board of Directors. Please contact Angela Stoddard at astoddard@rcmd.com for more information.
About Demotech, Inc.
Demotech, Inc. is a financial analysis firm specializing in evaluating the financial stability of regional and specialty insurers. Since 1985, Demotech has served the insurance industry by assigning accurate, reliable, and proven Financial Stability Ratings® (FSRs) for Property & Casualty insurers and Title underwriters. FSRs are a leading indicator of financial stability, providing an objective baseline of the future solvency of an insurer. Demotech’s philosophy is to review and evaluate insurers based on their area of focus and execution of their business model rather than solely on financial size. Demotech was the first to review and rate independent regional and specialty insurers. Demotech’s consistently increasing list of accreditations and acceptances has resulted in rating and reviewing more than 400 insurers operating in the US. Visit www.demotech.com for additional information.
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