MSL Captive Solutions to be full service MGA for Everest Reinsurance
MSL Captive Solutions Inc, the independent underwriting firm specialising in the structure and underwriting of medical stop loss captives, is to serve as a full service managing general underwriter for Everest Reinsurance Company.
“The tremendous expansion in the MSL captive market over the past decade has exceeded a comfortable supply of competitively diverse carrier options participating in this segment,” said MSL managing director, Phillip Giles.
“Everest is a highly rated carrier and brings stability to the medical stop-loss captive sector through the strength of its balance sheet and underwriting philosophy. It also brings agility to underwrite on a direct and reinsurance basis.
“This expands our capacity to continuously deliver tailored and creative captive solutions to both group and single-parent captives”.
MSL Captive Solutions said it worked with select programme managers, brokers, consultants and captive managers to develop proprietary group and single-parent captive programmes.
MSL provides stop-loss captive underwriting management to several of the world’s leading stop-loss carriers and develops customised captive programmes with each carrier to meet the specific risk, financial, and competitive positioning objectives of its clients.