York Risk Services appoints new president
Rick Stasi has become president of York Risk Services Group’s alternative risk solutions (ARS) division.
York Risk Services is a national provider of claims management, specialised loss adjusting, insurance pool administration and other insurance services. In his new role, Stasi will be responsible for the administration, marketing and underwriting associated with York's alternative risk programmes. Previously, he served as COO of alternative risk at Avizent, a company that York Risk Services acquired in 2011. Stasi has 35 years of experience in the insurance and alternative risk market. York’s ARS services include captive management, programme administration for group captives and self-insured groups, as well as claims administration, managed care, loss control and premium audit services that are available on a bundled and unbundled basis. It provides services to more than 70 alternative risk programmes with a range of risk financing structures, such as self-insured groups, group captives, agency captives and risk retention groups. Additionally, York Risk Services manages more than 40 segregated cell captives through its Bermuda-based reinsurance facility, Atlantic Gateway International (SAC) Ltd. Stasi said: “In many cases the traditional marketplace fails to respond to the needs of certain groups of businesses. At York ARS we strive to fill that void and offer an alternative to the traditional insurance marketplace and cater to those companies that are looking to control their own destiny by providing intensive risk management services and being rewarded with underwriting profits from lower loss ratios.” “One of the key advantages York ARS offers is our expertise in the development of startup programs and the capacity to take risk on the programmes along with their clients.”