American Global Insurance, part of the American Global Insurance and Reinsurance Group (American Global Group), has secured a major quota share reinsurance partnership with two corporately owned Lloyd’s syndicates to back its healthcare indemnity insurance portfolio.
Effective January 1, 2026, the participating Lloyd’s syndicates assumed 50% of premiums and losses for risks underwritten by the group’s principal subsidiary, American Global Insurance, Inc. (AGII).
AGII is a commercial insurance and reinsurance company licensed and regulated under the sovereign jurisdiction of the Modoc Nation, a federally recognised Native American tribe in Oklahoma.
According to the Commissioner of Insurance for the Modoc Nation, AGII is believed to be the first tribal insurance company to establish a reinsurance relationship with Lloyd’s syndicates for this type of coverage.
“With the backing of one of the most established insurance and reinsurance markets in the world, the American Global Group is positioned to continue developing healthcare insurance solutions for employers,” the commissioner stated.
AGII focuses primarily on supplemental wellness and fully funded healthcare indemnity programs tailored for small to midsized employers.
Many of its products are structured to align with federal ERISA frameworks and Internal Revenue code guidelines. The company is also developing Health Savings Accounts (HSA) – integrated plans and future alternatives to Affordable Care Act (ACA) marketplace products.
According to company representatives, the 50/50 quota share agreement marks a major milestone reinforcing ADII’s underwriting platform while expanding its capacity and strengthening its risk management framework.
“The support provided through this agreement reflects confidence in AGII’s underwriting platform and healthcare indemnity programs,” said a spokesperson for the American Global Group. “The partnership also enhances the company’s ability to manage risk exposure while continuing to serve employer groups seeking alternative healthcare coverage solutions.”
