Jun 11 2010
Excess Reinsurance Underwriters Agency, Inc. (Excess Re), a stop-loss managing general underwriter and wholly-owned subsidiary of National Financial Partners Corp. (NYSE: NFP), a provider of benefits, insurance and investment services, announced today that it is introducing unlimited annual maximums on its stop-loss policies.
Commenting on today's announcement, Brian P. Zidek, president and principal of Excess Re, said, "Excess Re continues to be proactive in meeting the needs of our clients in the dynamic healthcare environment. With our unique expertise, we believe we are well positioned to be at the forefront of regulatory reform."
Parker Gordon, vice president and principal of Excess Re, said, "Excess Re now has the capacity to provide clients with unlimited stop-loss protection and is one of the first to offer unlimited annual maximums."
Also commenting, Edward G. O'Malley, president of NFP's Corporate Client Group said, "Excess Re has a solid reputation in the medical stop-loss market and their strong track record, innovation and quality service benefits clients. They are an excellent example of the diverse capabilities that NFP offers in the benefits market."
Under the recent regulatory reform, self-funded plans will soon be required to include unlimited maximums in their plan documents. Stop-loss protection covers the anticipated liability of self-funded plans. Excess Re is a leading underwriting servicer of medical stop-loss policies and alternative risk transfer arrangements for self-funded groups.
SOURCE Excess Reinsurance Underwriters Agency, Inc.