eMaxx has expanded its platform for insurance companies to enter the variable cost captive market.
In April, eMaxx launched a customer centric technology platform for its variable cost captive programmes.
The platform provides a centralised source for customers to manage their own insurance and risk management programme through the power of technology.
eMaxx builds and provides support for homogenous, heterogeneous (regional) captives, single parent and enterprise captives for insurance company partners.
It also acts as the sponsor of eCaptiv, a Vermont-domiciled captive reinsurance company that is organised to provide protected cells reinsurance support.
“Variable cost captives are the fastest growing sector of the commercial insurance market and there is high demand for alternative risk captive programmes,” says Brian McCarthy, CEO, eMaxx.
He adds: “Commercial Insurers can enter the alternative risk market quickly and provide their independent agency partners a branded product within months instead of years.”
As a partner of eMaxx since 2018, Jeff Kenneson, president of Davies Captive Management, notes: “Their infrastructure including their proprietary technology are scalable and provide insurance companies the opportunity to provide products to their customers that are in demand. Davies Captive Management is pleased to be one of their key partners.”
In August 2020, Eileen Currie was appointed president and CEO of eMaxx’s insurance operating companies.
