Roundstone and HUB International Form a Strategic Partnership for Self-Funded Medical Captive Programs
LAKEWOOD, Ohio, Oct. 13, 2017 /PRNewswire/ — Roundstone Management, Ltd. (Roundstone), an insurance organization and industry leader in self-insured solutions for mid-size companies, and HUB International Limited (Hub), an insurance brokerage, are pleased to announce a strategic partnership for self-funded medical captive programs. Hub brings a significant volume of clients in the contingent workforce segment, and many other segments, complemented by robust platform of cost containment capabilities. For those reasons Roundstone has been able to offer favorable underwriting terms. “Hub’s deep bench of experienced advisors and proven cost containment strategies, coupled with Roundstone’s track record of successful captive programs is a game changer for our clients,” said Clint Anderson, President of Specialty Insurance at Hub. “This is a tremendous opportunity for two industry leaders to drive change and achieve meaningful results,” said Gene Pompili, Regional Practice Leader at Roundstone.
“Business owners throughout the United States are desperately looking for an answer to a second or third line item expense that is doubling as fast as every four to five years. It is difficult for an employer to identify the cause of increasing health insurance costs without claims information, but it’s impossible to fix when control over the drivers of the cost is removed from an employer,” said Mike Schroeder, President of Roundstone. The partnership with Hub allows Roundstone to continue their mission of helping employers control their healthcare spend, by providing transparency, control and cost containment.
Roundstone Management, Ltd. (“Roundstone”) based in Lakewood, Ohio is an insurance organization focused on the development, underwriting and servicing of alternative risk products, including captives and specialty insurance programs. Roundstone offers intermediaries and buyers an expertise in the captive marketplace coupled with turnkey insurance management services.
Roundstone’s medical expense stop loss program, Mid-Market Med, offers middle-market companies (20-1,000 employees) control over their health insurance costs through self-funding methods historically used by larger companies. It is Roundstone’s mission to limit the annual increase in employer’s health benefit cost to a level below inflation. For more information, please visit RoundstoneInsurance.com.
About Hub International
Headquartered in Chicago, IL, Hub International Limited is a leading global insurance brokerage that provides property and casualty, life and health, employee benefits, investment and risk management products and services from offices located throughout North America. For more information, please visit hubinternational.com.
Roundstone Management, Ltd.