Zurich North America announced its entry into the Risk Retention Group (RRG) and Self Insurance Groups (SIG) markets. The announcement was made last week at the Arizona Captive Insurance Conference in Phoenix . Zurich ’s North America Commercial Alternative Solutions Group reports that it has been the market leader in the member-owned Group Captive field and is now taking that expertise to the owners and members of RRG, SIG and Pooling Groups.


“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 RRG’s, SIG’s and Pooling Organizations,” says Lynn Cordes, president of Zurich North American Commercial Alternative Solutions division.


Some of the services Zurich plans to provide include:


•Solutions-oriented underwriting teams experienced in alternative risk transfer (ART) and self insurance markets;


•Excess reinsurance capacity;


•Tailored claims services handled by experienced adjusters dedicated to self-insured customer needs;


•Risk control designed for specialized industry segments to help reduce loss drivers


•Policy issuance services and access to Zurich ’s admitted forms and state filings.


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.


“We are excited to roll out this expanded alternative risk platform to RRGs, SIG’s and Pooling Groups,” said Paula Blum, vice president of Groups and Pooling at Zurich Alternative Solutions. “Our unique ability to integrate the other coverage solutions for their traditional lines including workers comp, auto and property coverages from one centralized, dedicated unit clearly delivers a unique approach to the market.”




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