26 February 2024news

New CUO starts at MSL Captive Solutions

MSL Captive Solutions (MSLCS) has appointed Sue Russo as chief underwriting officer (CUO). She assumes the duties of CUO with immediate effect.

Russo joins MSLCS from Voya where she led the launch of Voya’s middle market stop loss initiative including the development of a dedicated underwriting team and interaction with the sales team and partners. 

Prior to Voya, she was underwriting manager at medical stop loss captive program manager and MGU Roundstone Management. At Roundstone, Sue oversaw the underwriting of Roundstone’s captive programs and the management of the firm’s underwriting team. She brings extensive stop loss underwriting experience, specifically in the area of medical stop loss captives.

“We are pleased to welcome Sue to MSLCS as our chief underwriting officer,” said Andrew Berry, managing director, MSLCS. “Her knowledge and experience in the captive market is a perfect fit for MSLCS as we deepen our underwriting expertise in this sector. 

“The stop loss captive market is growing and we are seeing an increasing number of traditional MGUs trying to enter the market. MSLCS is dedicated to captives, both single parent and group captives, and we are committed to our focus in this sector. We are continuing to add to our underwriting team and under Sue’s leadership we are excited to bring our captive specific underwriting expertise to our partners.”

In addition to Voya and Roundstone, Russo has stop loss underwriting experience at Medical Mutual of Ohio. She was also a senior benefits advisor at Oswald Companies providing her with both broker and underwriting stop loss experience. 

“I am excited to be joining MSLCS at this stage in my career,” Russo said. “While it has been a difficult decision to leave Voya, the opportunity to come back to the captive industry is very appealing. I’ve been impressed by what MSLCS has built to date and looking forward to working with the team and our partners to realize the potential for stop loss captives and MSLCS.”

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