- Posted by: Andrew Berry
- Category: news
Concord, MA – February 10, 2020
Strategic Risk Solutions (SRS) today announced the formation of MSL Captive Solutions Inc, a specialist underwriting and consulting services firm focused on the use of captives in medical stop loss programs.
The independent new entity will work closely with brokers, consultants and all captive managers to structure customized single-parent and group captive solutions to meet the specific risk and financial objectives of their clients. 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.
In introducing the new venture, Brady Young, President and CEO of SRS commented “we have been working in the MSL space since captives started participating in these programs, 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 maximize the impact of the captive with the goal of helping drive down health insurance costs for employers”.
Phil Giles, formerly of QBE North America, joins the firm as Managing Director and will lead MSL Captive Solutions’ business development initiatives. “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”, stated Giles.
“I have known Phil 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 MSL to the next level” said Young.
For more information, contact:
|Phillip C. Giles
MSL Captive Solutions
About Strategic Risk Solutions (SRS) www.strategicrisks.com
SRS is the 5th largest captive management firm in the world and the leading independently owned manager. The company has representation in all major US captive domiciles, Barbados, Bermuda, Cayman and Europe. It provides financial reporting, regulatory compliance and program management services to existing and prospective captive insurance companies.