• How We Do It
  • Our History
  • What We Do

Axxima’s success depends on the quality and commitment of its professional staff and the relationships that the principals of Axxima have developed with clients and service providers. We believe relationships are critical, and we’re firm believers that business is personal.

Axxima’s hallmark is its ability to deliver Creativity, Clarity, and Control.

Creativity

Our creativity can be found throughout our work, where we routinely challenge the established way of thinking and implement new structures and ideas.

Clarity

Our ability to communicate and translate difficult concepts into easy-to-understand conclusions and recommendations for clients brings them clarity.

Control

Our focus on providing clients with control over their risk, through self-insurance vehicles or by levelling the playing field with their insurer partners, makes us stand apart in the industry.

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Axxima’s philosophy is to focus on long-term partnerships built on value-added services, trust and timely delivery.  We do this by educating our clients in the principles and operation of insurance management and actuarial science. Our clients have complete access to expertize through the Axxima principals and staff.  At the end of the day, we’re successful when you are.

When It All Began

Axxima’s story begins in the late 1980s when a liability insurance crisis prompted the formation of many self-insurance vehicles. One of the key players at that time was a global insurance consulting firm whose staff of actuaries and consultants helped not only start these new insurance entities, but also operate and manage them.

Axxima’s Genesis

Three of Axxima’s founding principals worked together at that firm, and moved together to Dion, Durrell + Associates Inc. in 1995 when it was formed.

Dion, Durrell + Associates Inc. continued providing self-insurance management, actuarial and strategic consulting services for 18 years. During that time, two more of Axxima’s founding partners joined the group.

Axxima Was Born

Then, in 2013, Axxima’s founding partners carried out a management buy-out of the business they managed, specifically, the insurance management and casualty actuarial practice. Axxima has been providing actuarial and insurance consulting services to clients large and small ever since.

 

For some clients, we operate as a virtual insurer, delivering the full array of services required on a turnkey basis, under the direction of the clients’ board/committee structure.  Other clients have an infrastructure or other outsourced arrangements already in place, and we provide services (e.g., brokerage, accounting, actuarial) on an unbundled basis.

Axxima’s broad service offering gives us the depth to assist clients in finding and exploiting business opportunities. While we are frequently engaged because of our depth of expertise, our breath is one of our biggest assets, and is a significant value add for our clients who have come to rely on us to guide and assist them with strategic issues and initiatives.

Here’s a taste of what we do, for more details, check out our services section:

Manage

Insurance and program management, i.e., temporary or permanent outsourcing of some or all operational and corporate functions required by clients, including principal attorney, general manager, accounting and regulatory functions.

(Re)Insurance

Brokerage consulting services for insurance and reinsurance placement, including design and review of policy wording, analysis and support on the various exposure issues, issuance of policies and certificates and negotiating/placing the insurance risk in the general insurance market.

Actuarial

Actuarial consulting, including the work of the appointed actuary, determination of funding/pricing requirements, valuation of policyholders’ liabilities, modelling and design of insurance and reinsurance programs, AgriInsurance and non-traditional lines expertize, audit specialist and strategic advice.

Risk Management

Risk management consulting services, e.g., program structure, insurance policy review, financial and administrative agreements, claims and underwriting review, etc.

Coverholder

Coverholder services, including binding risks, collecting premiums, issuing policies, managing and paying claims on behalf of Lloyd’s syndicates and domestic carriers.

Alternative Risk Transfer

Risk management consulting services, e.g., program structure, insurance policy review, financial and administrative agreements, claims and underwriting review, etc.

Affinity Programs

Group and affinity insurance program consulting, including home, automobile, pet and travel insurance.

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