Strategic Risk Solutions (SRS) has formed MSL Captive Solutions, a specialist underwriting and consulting services firm focused on the use of captives in medical stop-loss programmes.
The new entity will work closely with brokers, consultants and all captive managers to structure customised single-parent and group captive solutions.
As part of the formation, Phil Giles, former vice president at QBE North America, will join MSL Captive Solutions as managing director.
In his new role, he will lead MSL Captive Solutions’ business development initiatives. Giles said: “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.”
Commenting on the new venture, Brady Young, president and CEO of SRS, said: “We have
been working in the medical stop-loss space since captives started participating in these programmes, 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 maximise the impact of the captive with the goal of helping drive down health insurance costs for employers.”
Young added: “I have known Phil Giles a long time and I am confident that he and the seasoned professionals we are adding to the team will be able to add a lot of value and take captives involved in medical stop-loss to the next level.”
According to SRS, MSL Captive Solutions will be the industry’s only platform dedicated to the development and delivery of comprehensive services exclusively for single-parent and group medical stop-loss captives.
