Xchange Benefits, a managing general underwriter owned by Ambac Financial Group, has appointed Christopher LaDelfa as Senior Vice President and head of its Captive Solutions unit, a New Jersey based role.
According to the announcement, the captive is domiciled in Tennessee and is a newly created division that will utilise Xchange’s wholly owned protected cell company, Distribution Re which was launched in January.
Distribution Re insures accident & health risks mainly in the form of high deductible medical stop loss plans.
Peter McGuire, CEO of Xchange Benefits, said: “I am so pleased that Chris with his nearly 20 years of stop loss industry experience, integrity and reputation has agreed to join the Xchange team.
“Chris has been deeply immersed in the delivery of captive solutions for a number of years and so is more than equipped to grow this important capability for Xchange.”
LaDelfa has spent the last five years at Berkley Accident and Health, where he was director of program management. Prior to that he was with Arthur J. Gallagher & Co. for 14 years.
Commenting on his appointment, LaDelfa said: “I am honoured to join the Xchange leadership team and leverage my unique employee benefits and group captive experience to help grow and support the captive segment at XB.
“Peter McGuire and his team are proven professionals and Xchange is well positioned for continued growth and success. I am very excited to get started.”
