Posted on 18 May 2009
Zurich, a property and casualty insurance provider in North America, has announced its entry into the risk retention group and self-insurance group markets.
Zurich said that its North American commercial alternative solutions group is taking its expertise in the member-owned group captive field to the owners and members of risk retention group (RRG), self insurance group (SIG) and pooling groups.
In addition, Zurich has enhanced its products to offer these customers and their brokers the ability to round out the customers' insurance coverage needs by offering guaranteed cost solutions for lines of coverage that are not regulatory supported in these self-insured vehicles.
Lynn Cordes, president of Zurich's North American commercial alternative solutions division, said: "The infrastructure and experience we have built over the past 20 years of serving the captive and programs marketplace allows us to easily transition our capabilities to serve the needs of RRGs, SIGs and pooling organizations."