Xchange Benefits LLC, a managing general underwriter owned by Ambac Financial Group, has launched a protected cell company named Distribution Re.
The new entity, which is based in Tennessee, will insure accident & health risks mainly in the form of high deductible medical stop loss plans.
Distribution Re, wholly owned by Xchange Benefits, will be run by captive manager Captive Planning Associates, LLC, located in New Jersey.
“Being able to make captive cells available to our employer stop loss clients is an important addition to our capabilities at Xchange Benefits,” said Peter McGuire, CEO of Xchange Beneftis.
“The use of captives in the employer stop loss industry is an exciting area of growth. We look forward to talking with all our incredible clients about their potential captive needs. We invite clients to discuss how Distribution Re may be of use to them with their Xchange Benefits’ contacts.”
Founded in 2010, Xchange Benefits is a group of business units focused on the global insurance and reinsurance industry.
From its headquarters in Armonk, N.Y., the company underwrites, consults, creates products and retail distribution, structures risk, transacts reinsurance, and advises on capital deployment.
