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RLJ Companies acquires stake in AV International

IBR Staff Writer Published 08 September 2010

The RLJ Companies (RLJ) has entered into an equity arrangement with AV International (AVI), a minority business insurance firm providing services for state government, municipal and corporate clients.

Initially, the focus will be on expanding AVI's reach and capabilities in the stop-loss market. AVI, through its Amerifirst division, has the capability to underwrite and place stop-loss coverage with the support of national insurance carriers.

Under a stop loss policy, the insurance company reimburses the employer for legitimate health claims that exceed certain limits.

AVI CEO Andre Duggin said that the company has now the ability to underwrite on behalf of its carriers and to participate in a share of the risk.

The RLJ Companies founder and chairman Robert Johnson said that the company's commitment to providing access to top insurance industry leaders and managerial support will maximize opportunities for AVI.