Windsor, CT (PRWEB) May 10, 2006 —-
AIX Holdings, Inc. (“AIX Holdings”), a specialty insurance holding company, today announced the opening of AIX, Inc. (“AIX”), an insurance program manager. AIX was formed to market, structure, underwrite, and administer program business for a variety of distribution sources, including national and regional insurance brokers, reinsurance intermediaries, captive managers, and managing general agents (“MGA’s”).
AIX will also be able to procure “A” rated paper for policy issuance through its third-party relationships or through an affiliated company, Nova Casualty Company, if needed.
AIX’s philosophy concentrates on four core precepts:
1) Underwriting - We look at homogeneous books of business so we can focus on specific and unique underwriting issues, 2) Alignment of Interests - We require that either the insured or the distribution source share in the risk so that all parties are working together rather then apart, 3) Custom Design - By unbundling our services and giving you choices among front paper, reinsurance structure, claims handling, and loss prevention, we build the program based on each insured’s individual needs, 4) IT Platform - By building a system specifically designed for programs which is scalable, internet based, and in real time, we bring tremendous efficiency and cost savings to the administration side of the equation.
“The decades of experience of our management team have enabled us to create a state of the art program manager from the ground up that will not be encumbered by antiquated IT systems or bundled services requirements,” says Bob Schultz, CEO of AIX. “Further, we recognize that this is still a business built on people and we have staffed the company with the best and brightest the insurance industry has to offer, from underwriting to claims to administration.”
ABOUT AIX HOLDINGS, INC.
AIX Holdings, Inc., an insurance holding company with executive offices in Windsor, CT, was founded in 2005 by five insurance industry veterans, Bob Schultz, Ron Ganiats, Mark Green, Ron Mairano, and Russ Renvyle, in conjunction with Sterling Capital Partners. AIX Holdings was formed to fill a need in the underserved market of insurance program business. By specializing in this very specific niche area, we can build optimal and efficient insurance solutions for our clients.
AIX Holdings provides insurance and program related services through its two subsidiaries, Nova Casualty Company and AIX, Inc. Nova Casualty Company, based in Buffalo, NY, is an A- VII rated property and casualty insurance company that is licensed in 43 states. AIX, Inc, based in Windsor, CT, is a program administrator that specializes in marketing, structuring, underwriting, and administering insurance program business.