MSL Captive Solutions (MSL) has become a managing general underwriter (MGU) for Everest Reinsurance Company (Everest Re). Based in Massachusetts, MSL is an underwriting firm specialising in the structure and underwriting of medical stop-loss captives. The company works with select programme managers, brokers, consultants and captive managers to develop proprietary group and single-parent captive programmes. Providing stop-loss captive underwriting management to several of the world’s stop- loss carriers, MSL develops captive programmes with each carrier to meet the risk objectives of its clients. Phillip Giles, managing director of MSL, comments: “Everest Re is a highly-rated carrier and brings stability to the medical stop-loss captive sector through the strength of its balance sheet and underwriting philosophy. It also brings agility to underwrite on a direct and reinsurance basis.” Also commenting on the mandate, Shawn Austin, senior vice president and head of accident and health for North America atEverest, says: “Their [MSL’s] expertise in the captive space combined with Everest’s strong financials will bring an impressive offering to this rapidly growing market segment.”
