“The AGC Alternative,” the first of its kind, nation-wide private insurance exchange to serve the commercial construction industry, begins offering quotes today to firms belonging to AGC of America, association officials announced. The private exchange, developed in collaboration with Willis North America, a unit of Willis Group Holdings, the global risk advisor, insurance and reinsurance broker, features comprehensive insurance coverage from Aetna, MetLife and Group Vision Service as part of its introductory suite of benefits.
Stephen E. Sandherr, the association’s chief executive officer, noted that the new private exchange was designed by Willis for AGC to reduce costs and the administrative burdens for association members that provide insurance benefits for their employees. “Because the exchange offers a broader range of options than typically available to individual firms, employers and their employees will get more of the benefits that meet their particular needs,” he added.
Read the full release here.