MSL Captive Solutions to be MGU for Everest Re
MSL Captive Solutions has announced it will serve as a full service managing general underwriter (MGU) for Everest Reinsurance Company with effect from June 1, 2023.
“The tremendous expansion in the MSL captive market over the past decade has exceeded a comfortable supply of competitively diverse carrier options participating in this segment,” said MSL managing director, Phillip Giles. “Everest is a highly rated carrier and brings stability to the medical stop loss captive sector through the strength of its balance sheet and underwriting philosophy. It also brings agility to underwrite on a direct and reinsurance basis. This expands our capacity to continuously deliver tailored and creative captive solutions to both group and single parent captives.”
MSL Captive Solutions works with select program managers, brokers, consultants, and captive managers to develop proprietary group and single-parent captive programs.
Providing stop-loss captive underwriting management to several of the world’s leading stop-loss carriers, MSL develops customized captive programs with each carrier to meet the specific risk, financial, and competitive positioning objectives of its clients.
“MSL Captive Solutions is a predominant MGU in the captive insurance market and we are thrilled to be working with them,” said Shawn Austin, senior vice president and head of accident and health North America for Everest. “Their expertise in the captive space combined with Everest’s strong financials will bring an impressive offering to this rapidly growing market segment.”