Tokio Marine HCC today announced it has agree to acquire Gulf Guaranty Employee Benefit Services, Inc., a Jackson, Mississippi-based third-party administrator and managing general underwriter that designs, underwrites and administers group gap medical plans for small and mid-sized businesses. Tokio …
Pennsylvania-based insurance program specialist NSM Insurance Group has completed its acquisition of three businesses that specialize in the field of medical stop loss insurance and managed care insurance. The firms are Sequoia Reinsurance Services in Minnesota, and IOA Re’s two …
Global insurance broker HUB International Limited (Hub) reported that it has acquired the assets of Stop Loss Insurance Brokers, Inc. and Berkeley Insurance Brokers, Inc. Terms of the transaction were not disclosed. Located in Boston, Massachusetts, Stop Loss Insurance Brokers …
San Francisco-based Verily, an Alphabet company, is creating a subsidiary, Coefficient Insurance Co., to compete in the medical stop loss market. The new business will be backed by Swiss Re Corporate Solutions, the commercial insurance unit of the Swiss Re …
Tokio Marine HCC plans to acquire the medical stop-loss operations of American International Group (AIG). Neither side is disclosing financial terms in the deal, which is expected to close on Oct. 15. But the operations in question produce $350 million …
Berkshire Hathaway Specialty Insurance Company (BHSI) announced the formation of a dedicated Medical Stop Loss Division and has appointed John Snyder to lead the effort. The company also named David Friedly as head of Underwriting and Glenn Funk as actuary …
Westlake, Ohio–based Roundstone Management Ltd., which focuses on the alternative risk market, added three new regional sales managers. Charles Gragg, David Fox and David Grenell are now part of the Mid-Market Med stop loss sales team. With more than 25 …
Roundstone Management Ltd., which specializes in alternative risk insurance products and is based in Westlake, Ohio, has added Gene Pompili as senior vice president of sales. Pompili will lead and further develop Roundstone’s medical stop loss sales team. His role …
Wellpoint and RLJ Insurace Services have developed a strategic alliance that will enhance and expand Wellpoint’s supplier diversity offerings. The two companies will work together to offer medical stop loss products and services to group customers that are looking to …
