Xchange Benefits Launches Tennessee Captive Insurance Company, Distribution Re

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Jan 06, 2023

Xchange Benefits LLC, a managing general underwriter owned by Ambac Financial Group, Inc. (NYSE: AMBC), today announced it has launched a protected cell company named Distribution Re. The new entity, which operates under the authority of the State of Tennessee Insurance Department, will insure accident & health risks mainly in the form of high deductible medical stop loss plans. Distribution Re, wholly owned by Xchange Benefits, will be run by captive manager Captive Planning Associates, LLC, located in New Jersey.