Zurich Entering RRG, Self-Insurance Markets

Lynn Cordes, president of Zurich North America 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."

Gayle Secor, vice president of Zurich North America Alternative Solutions business development added, "In concert with the anticipated expansion of the federal government's Liability Risk Retention Act, Zurich is well equipped to offer this new product and remains poised to handle any future additional coverage offerings."

Zurich said its services will include:

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

o Excess reinsurance capacity

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

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

o Policy issuance services and access to Zurich's admitted forms and state filings

In addition, Zurich said it 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, SIGs and pooling groups," said Paula Blum, vice president of groups and pooling at Zurich North America 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."