29 March 2018Analysis

Holmes Murphy expands health insurance captive subsidiary

Holmes Murphy, an independent brokerage involved in property/casualty and employe benefits, has expanded its captive insurance subsidiary Main Street to include businesses with 10-50 employees.

Main Street was created to help small- and medium-sized businesses find a manageable solution their health insurance.

Since its inception in 2014, Main Street has helped 14 Nebraska businesses develop their own insurance solutions and looks to continue this trend with this new expansion. Initially it was available only to businesses with more than 50 employees.

“In Nebraska, I hear from businesses daily that have been dumped into community rates, limiting their options to control spending,” commented Beau Reid, senior vice president of employee benefits at Holmes Murphy in Omaha. “I’m excited for the expansion of Main Street to include businesses with 10-50 employees. This allows even more small businesses greater control over their health insurance costs.”