SRS Forms New Firm To Provide Holistic Approach to Medical Stop Loss

A blackstethoscope wrapped around a small stack of one-hundred-dollar bills.

February 11, 2020

A blackstethoscope wrapped around a small stack of one-hundred-dollar bills.

Strategic Risk Solutions, Inc. (SRS), has formed MSL Captive Solutions Inc, a specialist underwriting and consulting services firm focused on the use of captives in medical stop-loss programs. 

The independent new entity will work closely with brokers, consultants, and all captive managers to structure customized single-parent and group captive solutions to meet clients' specific risk and financial objectives. MSL Captive Solutions will be the industry's first platform dedicated to the development and delivery of comprehensive services exclusively for single-parent and group medical stop-loss captives.

In introducing the new venture, Brady Young, president and CEO of SRS, said, "We have been working in the MSL space since captives started participating in these programs, but I think there is a need for a more holistic approach to bring it all together to help captive owners and the various trading partners involved with captives. This new venture will fill the gaps and maximize the impact of the captive with the goal of helping drive down health insurance costs for employers."

Phil Giles, formerly of QBE North America, joins the firm as managing director and will lead MSL Captive Solutions' business development initiatives. "I am truly excited to help build and position this new enterprise. Our operating agility, experience, expertise, and exclusive focus on medical stop loss will allow us to deliver market-leading captive solutions to our clients," according to Mr. Giles.

February 11, 2020