medical stop loss News

Alphabet’s Verily to Launch Insurer Focused on Employer Medical Stop Loss Market

San Francisco-based Verily, an Alphabet company, is creating a subsidiary, Coefficient Insurance Co., to compete in the medical stop loss market. The new business will be backed by Swiss Re Corporate Solutions, the commercial insurance unit of the Swiss Re …

AIG to Sell Medical Stop-Loss Operations to Tokio Marine HCC

Tokio Marine HCC plans to acquire the medical stop-loss operations of American International Group (AIG). Neither side is disclosing financial terms in the deal, which is expected to close on Oct. 15. But the operations in question produce $350 million …

BHSI Forms Medical Stop Loss Division

Berkshire Hathaway Specialty Insurance Company (BHSI) announced the formation of a dedicated Medical Stop Loss Division and has appointed John Snyder to lead the effort. The company also named David Friedly as head of Underwriting and Glenn Funk as actuary …

Roundstone Management Welcomes New Regional Sales Managers

Westlake, Ohio–based Roundstone Management Ltd., which focuses on the alternative risk market, added three new regional sales managers. Charles Gragg, David Fox and David Grenell are now part of the Mid-Market Med stop loss sales team. With more than 25 …

Roundstone Management Adds Pompili as Senior VP

Roundstone Management Ltd., which specializes in alternative risk insurance products and is based in Westlake, Ohio, has added Gene Pompili as senior vice president of sales. Pompili will lead and further develop Roundstone’s medical stop loss sales team. His role …

Wellpoint Expands Offerings through Alliance with RLJ

Wellpoint and RLJ Insurace Services have developed a strategic alliance that will enhance and expand Wellpoint’s supplier diversity offerings. The two companies will work together to offer medical stop loss products and services to group customers that are looking to …