May 15, 2007 10:30 ET

AIX Group Swiftly Gains Eligibility to Write Surplus/Excess Business

WINDSOR, CT -- (MARKET WIRE) -- May 15, 2007 -- AIX Group, Inc. ("AIX Group"), a specialty insurance holding company, is pleased to announce that its wholly owned subsidiary, AIX Specialty, is now eligible to write surplus/excess lines in 27 states, with applications pending in most of the remaining states. AIX Specialty has been granted an A-VII rating by A.M. Best.

AIX Group General Counsel Tom Hodson is very pleased at the company's ability to obtain eligibility to write surplus/excess business so swiftly. "I feel as though AIX Specialty's remarkable progress is testament to its financial and underwriting strength," said Hodson. "I see the company's products and services as a perfect complement to the business already being written by Nova Casualty, AIX Group's admitted market."


AIX Group, 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 Group was formed to fill a need in the underserved market of specialty program insurance business. This sector includes traditional first dollar programs, risk retention groups, rent-a-captive facilities, group and association captives and hybrid collateral structures.

AIX Group provides insurance and program related services through its wholly owned subsidiaries, Nova Casualty Company, an A-VII rated property and casualty insurance company, which is licensed and filed in all 50 states, and AIX Specialty, a non-admitted company domiciled in Delaware.

Contact Information

    Mark Green
    Chief Risk Officer
    AIX Group
    2 Waterside Crossing, Suite 400
    Windsor, CT 06095
    (860) 683-9870