MSL Captive Solutions Adds Parent, Verrier to Executive Team

Arrow sign with Promotion written on it

May 03, 2022 |

Arrow sign with Promotion written on it

MSL Captive Solutions, Inc. (MSLCS), has appointed Peter Parent as the chief underwriting officer and Jean Verrier as the CFO.

The appointments follow the launch of MSLCS in January 2020 as a provider of underwriting and reinsurance services for medical stop-loss captives and the growth in the company's underwriting activities.

Mr. Parent has more than 25 years' experience in the medical stop-loss insurance industry with experience in underwriting, operations, and marketing for stop-loss managing general underwriters (MGUs). He was formerly president of AGS Risk Management, Inc.

"There is continued growth in the use of captives to insure medical stop‐loss and we have received a strong demand for our specialist services dedicated to this sector. I'm extremely pleased to have Peter join us at this stage of the company's development," Phil Giles, managing director of MSLCS, said in a statement. "His experience in growing and managing a MGU business will be invaluable as we expand our underwriting operations."

Mr. Verrier has more than 20 years' experience in insurance accounting as an auditor and captive manager with commercial insurers. He was formerly the CFO of RiskCap, a leading captive manager, and vice president of finance for iCAT, a diversified catastrophe insurance organization.

Mr. Verrier is currently a senior account manager with MSLCS's parent company, Strategic Risk Solutions (SRS), and his role is part of the ongoing support for MSLCS from the independent captive insurance manager.

"Captives represent an excellent risk financing tool for organizations to gain control over their healthcare costs and we are committed to developing this sector of the market through our core captive management and consulting business and in our support of MSLCS," Brady Young, CEO of SRS, said in the statement. "We look forward to seeing Phil and the expanded executive team establish MSLCS as the leading provider of technical underwriting services for captive medical stop‐loss programs."

May 03, 2022