(Image source: eMaxx website.)
eMaxx (Peabody, Mass), an InsurTech commercial managing general agent specializing in alternative risk, has announced the expansion of its recently launched turnkey platform for insurance companies to enter the variable cost captive market. eMaxx describes its platform as including technology, product development, marketing, sales support, administration and capable of assuming quota share excess of loss (XOL) reinsurance. Insurance companies provide fronting, excess XOL reinsurance, claims oversight and their independent agency network.
“Variable cost captives are the fastest growing sector of the commercial insurance