MSL Captive Solutions (MSL) will serve as a full service managing general underwriter (MGU) for Bridge City Insurance Company (Bridge City) for business. Bridge City is an underwriting carrier within HM Insurance Group (HM), a wholly owned subsidiary of Highmark. Rated ‘A’ (Excellent) by AM Best, Bridge City is licensed to write accident and health business in 44 states. HM’s specialty division uses the carrier to focus on unbundled stop loss business through a select group of non-competing MGUs. Andrew Berry, president of MSL, says: “We are excited to be partnering with Bridge City, which brings deep experience and resources in the accident and health sector. Their flexible underwriting approach and ability to provide capacity above captive layers provide significant opportunities to support both single-parent and group captive programmes.” MSL develops proprietary and customised single-parent and group captive programmes in collaboration with select programme managers, brokers, consultants and captive managers. Steve Donnelly, senior vice president at HM Specialty, comments: “We have been impressed with MSL’s underwriting discipline and their approach to stop loss captives, both of which are very much aligned with our own. We believe this will be a very successful partnership and look forward to working with MSL to develop a strong book of captive business.”
