AXIS Capital Holdings has announced that AXIS Insurance Company will provide specialty accident and health insurance solutions to government, educational, and nonprofit organizations across North America through a nationwide purchasing program operated by Sourcewell. The program is the result of a recently secured four-year contract.
In partnership with Provident Agency, AXIS will offer a spectrum of A&H coverages through Sourcewell’s cooperative purchasing program. Sourcewell is a government organization whose program offers hundreds of competitively solicited contracts.
The specialty A&H products AXIS will offer through the program include accidental death and dismemberment, critical illness, and cancer insurance. The programs will be customized to meet the needs of different customer groups, including employees within public entities, law enforcement, firefighters, emergency medical services, schools, municipal roles, and the volunteer sector.
“We take great pride in being awarded this contract and look forward to working with Provident and Sourcewell to provide specialty insurance solutions for participating organizations,” said James Hamilton, global head of accident and health at AXIS. “Through our experience over many years in developing specialty products for distinct customer groups, we have a deep appreciation of the often-complex nature of the risks and challenges within these sectors. Our goal is to provide products and access to services that make a meaningful difference to these groups.”
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In addition to AXIS’s A&H products, Sourcewell participants will be able to access Provident’s guidance to find insurance, benefits and coverage to suit their unique needs.
“Provident has been a leader in providing customized accident and health insurance programs for public entity employees,” said Daren K. D’Ippolito, CEO of Provident. “We have developed a strong relationship over several years with the AXIS A&H team, and we appreciate the keen focus on the needs of the customer that the team brings. We’re excited to put our experience and relationship with AXIS to work for the people and organizations that support our local communities.”
In other company news, AXIS Capital recently received in-principal approval for a new Lloyd’s syndicate aimed at insuring organizations’ energy transition process. Last month, the company announced the appointment of John Owen as CEO of AXIS Managing Agency Limited, its managing agent arm.
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