Chris LaDelfa, Senior Vice President, Captive Solutions at Xchange Benefits LLC
9 March 2023Analysis

Xchange Benefits hire to launch new Captives Solutions division

Xchange Benefits, the managing general underwriter owned by Ambac Financial Group and with offices in New York and Indiana, has appointed Christopher LaDelfa to head a new Captive Solutions unit. The new division will utilize Xchange’s wholly owned protected cell company, Distribution Re.

Launched in January, Distribution Re insures accident and health risks mainly through high deductible medical stop-loss plans. The captive is domiciled in Tennessee.

As a senior vice president and unit head, LaDelfa will be based in New Jersey. He joins the business after five years with Berkley Accident and Health, where he was director of program management, offering a range of stop loss, managed care, accident, and group captive programs. Before that, he was with Arthur J Gallagher & Co for 14 years.

“I am so pleased that Chris, with his nearly 20 years of stop loss industry experience, integrity and reputation, has agreed to join the Xchange team,” said Peter McGuire, CEO of Xchange Benefits. “Chris has been deeply immersed in the delivery of captive solutions for a number of years and so is more than equipped to grow this important capability for Xchange.”

“I am honoured to join the Xchange leadership team and leverage my unique employee benefits and group captive experience to help grow and support the captive segment at XB,” said LaDelfa. “Peter McGuire and his team are proven professionals, and Xchange is well positioned for continued growth and success. I am very excited to get started,”.