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News and Information Article
Acquisition Strengthens Employer Stop-Loss Product Offerings
MIAMI, Oct. 24 // -- Cairnstone Re, one of the nations
largest, independent managing general underwriters, announced today it has
acquired CapRisk, a Lancaster, PA-based managing general underwriter of
stop-loss insurance for employer self-funded health plans. The acquisition
of CapRisk from Corporate Healthcare Strategies LLC will help strengthen
Cairnstone Res already strong leadership position in the stop-loss
insurance industry.
"We are very excited about the acquisition of CapRisk," said Jim
Tillett, CEO and President of Cairnstone Re. "We have always been impressed
with CapRisks innovative products and commitment to customer service. This
transaction fits perfectly with our plans to provide solutions that are
tailored to the specific needs of employers as they continue to look for
ways to control health care costs and provide quality care to their workers
and families."
CapRisks office in Lancaster, PA will become one of Cairnstone Res 12
regional offices around the country.
About Cairnstone Re
Founded in 1996, Cairnstone Inc., dba Cairnstone Re, manages employer
stop-loss insurer programs and provides catastrophic claims management
assistance to hundreds of self-funded employer groups nationwide.
Cairnstone Re is also a leading provider of catastrophic medical coverage
to hospital and physician groups. The company has agreements with several
leading insurance carriers to market, underwrite and manage those excess
loss programs. In addition to its headquarters in Miami, Cairnstone Re has
offices in twelve cities across the country.
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