Roundstone Management and HUB International have partnered up to create self-funded medical captive programmes.
The partnership with Hub will allow Roundstone to continue their strategy of helping employers control their healthcare spend, by providing transparency, control and cost containment.
Roundstone focuses on the development, underwriting and servicing of alternative risk products including captives and specialty insurance programmes, while Hub provides property and casualty, life and heath, employee benefits, investment and risk management products and services.
Clint Anderson, president of specialty insurance at Hub, said: "Hub's deep bench of experienced advisors and proven cost containment strategies, coupled with Roundstone's track record of successful captive programs is a game changer for our clients.”
Mike Schroeder, President of Roundstone, added: "Business owners throughout the US are desperately looking for an answer to a second or third line item expense that is doubling as fast as every four to five years.”
“It is difficult for an employer to identify the cause of increasing health insurance costs without claims information, but it's impossible to fix when control over the drivers of the cost is removed from an employer.”