Berkley Accident and Health has teamed up with ProSential Group to launch ProSential Cap, a stop-loss group captive.
From January 2017, ProSential Group’s brokerage firms will gain access the to firm’s captive, giving clients the opportunity to benefit from good health risk management.
ProSential Cap will allow small to mid-size companies to replicate the size and stability of a large employer’s health plan.
The captive reinsures stop-loss policies of multiple employers to create a more balanced risk profile compared to that of a single employer.
Dean Rowe, vice president of carrier relations at ProSential Group, commented: “Stop-loss group captives have become an important risk-management tool for small and mid-size companies. This agreement gives our brokers a group captive solution developed specifically for their clients and supported by Berkley Accident and Health.”
Christopher Brown, president and CEO at Berkley Accident and Health, added: “We are excited about our agreement with ProSential Group. The scale and quality of its network, combined with its health risk management capabilities, creates tremendous opportunity for its clients to benefit from this solution.”
