eMaxx Establishes Reciprocal Insurance Exchange as a Commercial Property and Casualty (Re)Insurer in Arkansas

TAMPA, Fla.--(BUSINESS WIRE)--eMaxx, a Specialty Managing General Agent and Attorney-in-Fact providing commercial property & casualty (re)insurer solutions through policyholder-owned alternative risk insurance programs, has established the eMaxx Reciprocal Insurance Exchange (“Reciprocal”), domiciled in the State of Arkansas. Owned by its policyholder Subscribers, the Reciprocal will provide commercial property and casualty insurance solutions as both a reinsurer and insurer and will support eCaptiv, eMaxx’s sponsored captive insurance company organized with protected cell structures as a mutual benefit corporation.

“The launch of the eMaxx Reciprocal Insurance Exchange marks an important step in expanding our alternative risk platform,” said Brian McCarthy, CEO and President of eMaxx Assurance Group of Companies, Inc. “By aligning policyholders as Subscribers and Owners, the Reciprocal supports disciplined underwriting, strong governance, and a variable cost insurance model designed to address social inflation and rising loss costs.”

Participation in the eCaptiv program results in each Member also becoming a Subscriber of the Reciprocal Insurance Exchange. Day-to-day operations of the Reciprocal are administered by an independent Attorney-in-Fact (AIF).

“The eMaxx Reciprocal Insurance Exchange represents the next step forward for Members committed to strong governance, accountability, and loss prevention,” said Michael Penza, President, Samuel Coraluzzo and Chairman, Subscribers’ Advisory Committee, eMaxx Reciprocal Insurance Exchange. “It provides a disciplined structure that aligns long-term participation with shared responsibility.”

Subscribers and Members are required to adhere to defined loss prevention and safety protocols as a condition of participation in the program. These requirements include the use of approved cloud-based dash cameras and telematics; implementation of driver behavior technology, including cloud-based inward-facing cameras and/or cell phone blocking; participation in monitoring programs and quarterly mandatory training; ongoing motor vehicle record monitoring; maintenance of written progressive disciplinary policies; and consent to share telematics and safety event data through approved technology platforms. In addition, Members are required to participate in the Risk Management Summit, implement light-duty return-to-work programs, and provide timely notification of claims.

eMaxx Insurance Services, LLC serves as the Attorney-in-Fact for the Reciprocal Insurance Exchange and acts as the sponsor of eCaptiv, an Arkansas-domiciled captive reinsurance company organized to provide protected cell reinsurance support.

About eMaxx

eMaxx is a specialty, tech-enabled Managing General Agent and Attorney-in-Fact providing commercial property and casualty insurance and reinsurance solutions through policyholder-owned alternative risk insurance programs. The Company delivers alternative risk solutions supported by technology and risk management services in response to structural changes in the traditional property and casualty insurance market. eMaxx Insurance Services, LLC produces commercial property and casualty insurance products as a retailer, wholesaler, program administrator, and Attorney-in-Fact. eTechnology Services, LLC provides underwriting, loss prevention, training, and telematics technology platforms. eRisk Solutions, LLC delivers claims management and oversight, litigation management, subrogation recovery, loss prevention and safety services, claims investigation, and environmental claims management. eCaptiv LLC is a licensed sponsored captive insurance company offering captive commercial property and casualty insurance programs. eMaxx Reciprocal Insurance Exchange is a commercial property and casualty reciprocal insurer owned by its policyholder Subscribers. More information can be found at: https://www.emaxxgroup.com.