MSL Captive Solutions (MSLCS) has appointed Peter Parent and Jean Verrier as chief underwriting officer and chief financial officer respectively.
These appointments to MSLCS’ executive team will support the company’s growing underwriting activities for medical stop-loss captives.
Parent has more than 25 years’ experience in the medical stop-loss insurance industry, including underwriting, operations and marketing for stop-loss managing general underwriters. He previously held the position of president at AGS Risk Management.
Commenting on Parent’s appointment, Philip Giles, managing director of MSLCS, says: “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 am extremely pleased to have Peter join us at this stage of the company’s development. His experience in growing a managing general underwriting business will be invaluable as we expand our underwriting operations.”
Verrier has more than two decades’ experience in insurance accounting ranging audits, captive management and commercial insurance. He previously served as chief financial officer of RiskCap, a captive manager and vice president of finance for iCAT, a diversified catastrophe insurance organisation.
Verrier currently serves as senior account manager at MLSCS’ parent company, Strategic Risk Solutions (SRS), where he is responsible for the management and supervision of a portfolio of single-parent captives, group captives and risk retention groups.
Brady Young, CEO of SRS, comments: “Captives represent an excellent risk financing tool for organisations 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 MLSCS.
“We look forward to seeing Philip and the expanded executive team establish MLSCS as the leading provider of technical underwriting services for captive medical stop-loss programmes.”
