AIX Holdings, Inc. Announces the Unveiling of Their New Insurance Program Administrator

Windsor, CT (PRWEB) May 10, 2006 —- AIX Holdings, Inc. («AIX Holdings»), a specialty insurance holding company, today announced the opening of AIX, Inc. («AIX»), an insurance program manager. AIX was formed to market, structure, underwrite, and administer program business for a variety of distribution sources, including national and regional insurance brokers, reinsurance intermediaries, captive managers, and managing general agents («MGA's»).

AIX will also be able to procure «A» rated paper for policy issuance through its third-party relationships or through an affiliated company, Nova Casualty Company, if needed.

AIX's philosophy concentrates on four core precepts:

1) Underwriting - We look at homogeneous books of business so we can focus on specific and unique underwriting issues, 2) Alignment of Interests - We require that either the insured or the distribution source share in the risk so that all parties are working together rather then apart, 3) Custom Design - By unbundling our services and giving you choices among front paper, reinsurance structure, claims handling, and loss prevention, we build the program based on each insured's individual needs, 4) IT Platform - By building a system specifically designed for programs which is scalable, internet based, and in real time, we bring tremendous efficiency and cost savings to the administration side of the equation.

«The decades of experience of our management team have enabled us to create a state of the art program manager from the ground up that will not be encumbered by antiquated IT systems or bundled services requirements,» says Bob Schultz, CEO of AIX. «Further, we recognize that this is still a business built on people and we have staffed the company with the best and brightest the insurance industry has to offer, from underwriting to claims to administration.»

ABOUT AIX HOLDINGS, INC.

AIX Holdings, Inc., an insurance holding company with executive offices in Windsor, CT, was founded in 2005 by five insurance industry veterans, Bob Schultz, Ron Ganiats, Mark Green, Ron Mairano, and Russ Renvyle, in conjunction with Sterling Capital Partners. AIX Holdings was formed to fill a need in the underserved market of insurance program business. By specializing in this very specific niche area, we can build optimal and efficient insurance solutions for our clients.

AIX Holdings provides insurance and program related services through its two subsidiaries, Nova Casualty Company and AIX, Inc. Nova Casualty Company, based in Buffalo, NY, is an A- VII rated property and casualty insurance company that is licensed in 43 states. AIX, Inc, based in Windsor, CT, is a program administrator that specializes in marketing, structuring, underwriting, and administering insurance program business.

Related Articles

• RealNetworks Granted Fundamental Streaming Media Patent, Enhancing Helix Licensing Program
  Monday, 24 April 2006



• Exadel to Present on JSF and AJAX Business Solutions at MySQL Users Conference
  Thursday, 20 April 2006



• Ubiquity Hosting Adopts New Affiliate Program
  Wednesday, 12 April 2006



• CGA-Canada Partners With Sage Software for CGA Program of Professional Studies
  Thursday, 6 April 2006



• Wind River Launches Trade-In Program for Companies Currently Shipping Devices Running MontaVista Linux
  Thursday, 6 April 2006



• WinScribe Invited into Microsoft Ascend Program
  Monday, 6 March 2006



• Tech Soft America Joins JT Open Program, Expanding PLM Industry's Strong Support for Popular 3D JT Format
  Monday, 20 February 2006



• Smart Style Selects Continuent Clustering for MySQL
  Wednesday, 15 February 2006



• JasperSoft Launches Global Preferred Partner Program
  Wednesday, 15 February 2006



• Nokia and MySQL Collaborate on Next Generation Telecommunication Subscriber Registers
  Wednesday, 15 February 2006



• Vision Solutions' ORION for AIX is Named 'High Availabililty Product of the Year' by Tech Target's Search 400.Com
  Wednesday, 1 February 2006



• 3Dlabs Wildcat Realizm 800 & 500 Selected for HP Tested & Certified Graphics Program
  Tuesday, 17 January 2006



• SCO Exhibits MySQL on SCO OpenServer and Digital Services Leadership at Retail Industry's Largest Show
  Tuesday, 17 January 2006



• Apache Declares Cash Dividends on Common and Preferred Shares
  Sunday, 1 January 2006



• Boeing Delivers First Apache Combat Helicopter for Japan and Lockheed Martin Prepares to Deliver Two More New C-130J Aircraft
  Tuesday, 27 December 2005