Followers | 241 |
Posts | 12089 |
Boards Moderated | 1 |
Alias Born | 04/05/2009 |
![](http://investorshub.advfn.com/images/default_ih_profile2_4848.jpg?cb=0)
Saturday, May 28, 2022 12:50:12 PM
ARMONK, N.Y.--(BUSINESS WIRE)--Xchange Benefits, LLC, a property and casualty managing general underwriter specializing in accident and health insurance, announced that it has purchased the renewal rights of Employer Benefit Underwriters, Inc.’s employer stop loss portfolio, effective immediately. Founded in 1996 in Daytona Beach, Fla., Employer Benefit Underwriters, Inc. (“EBU”) has been a managing general underwriter of employer stop loss business under the leadership of Howard Huneke.
This acquisition enables Xchange Benefits, a subsidiary of Ambac Financial Group, Inc. (NYSE: AMBC), to expand its nationwide footprint through the addition of new producer relationships that have been solidified over the years by EBU. Employer Stop Loss remains a growing market segment, and Xchange will continue to proactively pursue opportunities in this sector.
“Howard Huneke and the EBU team have built a fabulous business over many years which we are excited about integrating into our Xchange Platform. We very much look forward to welcoming EBU’s partners and clients into the Xchange family,” said Peter McGuire, President, Chief Executive Officer and Chairman of Xchange Benefits. “Xchange prides itself on industry leading service and underwriting creativity, and we are eager to show our capabilities to EBU’s family of clients and partners.”
“We are extremely happy to welcome the EBU team to the Xchange Benefits family and we also look forward to providing the same exceptional service that our Xchange Benefits clients have enjoyed over the years to all of EBU’s producers,” said James Denison, Chief Underwriting Officer and Executive Vice President of Xchange Benefits.
McGuire added, “I am happy that we will be able to continue to be the beneficiaries of Howard’s vast industry experience and am delighted that Howard has agreed to remain as an advisor to Xchange Benefits.”
Huneke said, “The EBU team is excited to join the Xchange family, bringing their years of experience, while looking forward to learning and growing as part of Xchange Benefits.”
About Xchange Benefits
Founded in 2010, Xchange Benefits, LLC is a diverse group of business units focused on the global insurance and reinsurance industry. Led by a team who have industry leading experience, Xchange Benefits underwrites, consults, creates products, creates retail distribution, structures risk, transacts reinsurance, advises on capital deployment and most importantly, listens to their clients. Xchange Benefits have a corporate office in Armonk, New York and an office in Indianapolis, Indiana.
https://www.businesswire.com/news/home/20220502005186/en/
"Someone said it takes 30 years to be an instant success" - Gabriel Barbier-Mueller, CEO of Harwood International
Recent AMBC News
- Ambac to Release Second Quarter 2024 Results on August 5, 2024 • Business Wire • 07/22/2024 12:30:00 PM
- Kuehn Law Encourages GRDI, ALE, HTLF, and AMBC Investors to Contact Law Firm • PR Newswire (US) • 07/17/2024 01:37:00 PM
- Richard Edsall Joins Tara Hill as Senior Vice President • Business Wire • 07/11/2024 12:30:00 PM
- Ambac’s Cirrata Group Launches Tara Hill, an E&S Management and Professional Liability Program Administrator Led by Industry Veteran Peter McKeegan • Business Wire • 06/24/2024 12:30:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/13/2024 01:52:05 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/07/2024 08:03:55 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 08:40:29 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 06/05/2024 11:20:45 AM
- Ambac Financial Group, Inc. to Sell Legacy Financial Guarantee Business to Funds Managed by Oaktree Capital Management, L.P. • Business Wire • 06/05/2024 10:30:00 AM
- Ambac Financial Group, Inc. to Acquire Majority Stake in Beat Capital Partners • Business Wire • 06/05/2024 10:30:00 AM
- Form 10-Q - Quarterly report [Sections 13 or 15(d)] • Edgar (US Regulatory) • 05/06/2024 08:14:03 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 05/06/2024 08:11:53 PM
- Ambac Reports First Quarter 2024 Results • Business Wire • 05/06/2024 08:10:00 PM
- Ambac to Release First Quarter 2024 Results on May 6, 2024 • Business Wire • 04/22/2024 12:30:00 PM
- Ambac Announces Meeting and Record Date for 2024 Annual Meeting of Stockholders • Business Wire • 03/27/2024 12:30:00 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:28:50 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:20:09 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:14:56 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:12:41 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:11:14 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/11/2024 08:09:38 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 10:46:02 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 10:43:13 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 10:41:45 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 10:40:32 PM
Glidelogic Corp. Announces Revolutionary AI-Generated Content Copyright Protection Solution • GDLG • Jul 26, 2024 12:30 PM
Southern Silver Files NI43-101 Technical Report for its Updated Preliminary Economic Assessment for the Cerro Las Minitas Project • SSV • Jul 25, 2024 8:00 AM
Greenlite Ventures Completes Agreement with No Limit Technology • GRNL • Jul 19, 2024 10:00 AM
VAYK Expects Revenue from First Airbnb Property Starting from August • VAYK • Jul 18, 2024 9:00 AM
North Bay Resources Acquires Mt. Vernon Gold Mine, Sierra County, California, with Assays up to 4.8 oz. Au per Ton • NBRI • Jul 18, 2024 9:00 AM
Nightfood Holdings Signs Letter of Intent for All-Stock Acquisition of CarryOutSupplies.com • NGTF • Jul 17, 2024 1:00 PM