BevCap Management has announced the formation of BevCap Sponsored Captive Insurance Inc., domiciled in Hawaii.
BevCap Sponsored Captive Insurance Inc. is a cell captive, with its first cell being BevCap Health, a heterogeneous group captive. BevCap Health is a self-funded health plan with group risk sharing. Members implement separate and distinct health plan designs, yet administer the plans as a group.
BevCap Health was founded in February 2013 with Standard Sales Company out of Odessa, Tesax. BevCap Health is comprised of five additional participants: Krey Distributing (St. Peters, Mo.), L&F Distributors (McAllen, Texas), Jordano’s (Santa Barbara, Calif), Andrews Distributing (Dallas, Texas), and TriEagle Sales (Tallahassee, Fla). Together BevCap Health covers over 3,000 employees.
Partners of BevCap Health include: USA Risk, Berkley Accident & Health LLC, Ameriben, Envision Rx, Healthcare Strategies and Cornerstone Risk Solutions.
Was this article valuable?
Here are more articles you may enjoy.
Zurich Insurance’s Beazley Bid Sets the Stage for More Insurance Deals 
Florida Insurance Costs 14.5% Lower Than Would Be Without Reforms, Report Finds 
Trump Demands $1 Billion From Harvard as Prolonged Standoff Appears to Deepen 
Inside the Toxic Legacy of Georgia-Based Mulitbillion-Dollar Carpet Empire 
