Overview
ARECA Insurance Exchange (ARECA) is a member-owned and member-governed insurance company founded in 1983 by a group of Alaska electric utilities belonging to the trade association known then as the Alaska Rural Electric Cooperative Association. Alaska Power Association (APA), which changed its name from the Alaska Rural Electric Cooperative Association in 2003, is the sister organization to ARECA Insurance Exchange.
ARECA specializes in insuring Alaska’s non-profit electric and telecom utilities, and provides a full complement of insurance coverages tailored to the unique needs of Alaska utilities.
Membership
ARECA’s insureds are often referred to as members and subscribers.
All are members of Alaska Power Association.
The exchange’s subscribership comprises electric cooperatives, municipal-owned electric utilities, state-owned energy assets, and utilities that provide services in addition to electricity such as telecom and water-sewer.
19 Alaska utilities are ARECA members.
Coverage
We offer the following lines of coverage:
Worker’s Compensation
Excess Liability
Equipment Breakdown
Railroad Protective Liability
Commercial Property
Directors, Officers and Managers
Commercial Auto
Crime
Commercial General Liability
Cyber Liability
Join Us
If you are a representative of an APA active or associate member utility and would like more information on joining AIE, please contact us.
Become a SubscriberGovernance
The ARECA Insurance Exchange Board of Trustees comprises representatives selected by subscribers that choose to have representation on the board.
ARECA Insurance Exchange is managed by the seven-member ARECA Insurance Exchange Board of Trustees’ Executive Committee and attorney-in-fact, ARECA Insurance Management, Inc. (AIM). Members of the ARECA Executive Committee and AIM Board of Directors, which are the same governing body, are elected by the Board of Trustees at the organizational annual meeting
