The North American business of global insurer Zurich is launching a medical stop loss insurance product for larger employers with self-funded group health plans administered by national carriers.

Zurich created the new solution in collaboration with program administrator Medical Risk Managers.

“Zurich’s collaboration with MRM enables us to extend our capabilities in medical stop loss to serve the needs of the largest segment of the self-insured market,” said Edward Tyburski, Head of Specialty Health for Zurich North America.

“MRM has a history of successfully underwriting medical stop loss business and has developed relationships and insights that, together with Zurich’s knowledge and experience in this space, will deliver a best-in-class offering.”

MRM President Mehb Khoja added, “We are pleased to once again be working with Zurich, who shares our commitment to protecting customers and creating high value.

“Our shared clients will benefit from our depth of data and experience, as well as some of the most dynamic talent in the stop loss segment.”

Source: Reinsurance News