Xchange Benefits Launches Xchange Re Underwriting Agency, LLC
Xchange Benefits LLC, a managing general underwriter owned by Ambac Financial Group, Inc. (NYSE: AMBC), today announced it has launched a reinsurance MGU, Xchange Re Underwriting Agency, LLC (“Xchange Re”).
- Xchange Benefits LLC, a managing general underwriter owned by Ambac Financial Group, Inc. (NYSE: AMBC), today announced it has launched a reinsurance MGU, Xchange Re Underwriting Agency, LLC (“Xchange Re”).
- The new entity, which is a wholly owned subsidiary of Xchange Benefits, specializes in personal accident catastrophe and special risk reinsurance and retrocession.
- Xchange Re has signed a reinsurance underwriting management agreement with United States Fire Insurance Company (“U.S.
- “We are thrilled to build upon our wide and longstanding relationship with Crum & Forster,” said Peter McGuire, CEO of Xchange Benefits.