BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

MGU launches protected cell captive


Xchange Benefits LLC, a managing general underwriter owned by Ambac Financial Group Inc., said Friday it has launched a protected cell captive that will provide medical stop loss coverage for self-funded employers.

Distribution Re is domiciled in Tennessee and will be run by Marlton, New Jersey-based captive manager Captive Planning Associates LLC.

The captive will insure accident and health risks, mainly high-deductible medical stop loss plans, Armonk, New York-based Xchange Benefits said in a statement.

Ambac acquired a majority stake in Xchange in 2020.