When Bob Madden with Lawley Service Inc. first presented the idea of stop-loss captives to fellow brokers at a 2010 industry conference, it was largely ignored. Now, however, it is piquing the interest of more brokers and stop-loss carriers.
The rise of group captives comes as more employers seek creative ways to hedge their risk and finance healthcare products outside of traditional, fully-insured plans. This is particularly true given cost pressures related to compliance with the Affordable Care Act, explains Art Grutt Jr., an insurance agent and managing partner with Cambridge Insurance.
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