Managing general agent Xchange Benefits, owned by Ambac Financial Group, has appointed New Jersey-based Christopher LaDelfa as senior vice president and head of its captive solutions unit.
The captive solutions unit is a newly created division that will utilise Xchange’s wholly owned protected cell company, Distribution Re.
LaDelfa spent the last five years at Berkley Accident and Health, where he was director of programme management. Prior to that he was with AJ Gallagher for 14 years.
“I am so pleased that Chris with his nearly 20 years of stop loss industry experience, integrity and reputation has agreed to join the Xchange team,” said Peter McGuire, CEO of Xchange Benefits.
“Chris has been deeply immersed in the delivery of captive solutions for a number of years and so is more than equipped to grow this important capability for Xchange.”
Distribution Re, which is domiciled in Tennessee, insurers accident and health risks mainly in the form of high deductible medical stop loss plans and was launched earlier this year.
LaDelfa said: “I am honoured to join the Xchange leadership team and leverage my unique employee benefits and group captive experience to help grow and support the captive segment at XB.
“Peter McGuire and his team are proven professionals and Xchange is well positioned for continued growth and success. I am very excited to get started.”
McGuire recently spoke with Captive Intelligence for a long read exploring how MGAs are increasingly launching their own captives as a means of accessing more capacity and profiting from their book of business.