WOODBURY, N.J., June
11/PRNewswire/ -- 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.
About Excess Reinsurance Underwriters Agency, Inc.
Since 1989, Excess Reinsurance Underwriters Agency, Inc. (Excess
Re) has been providing quality, professional underwriting services
to administrators and insurers worldwide. Excess Re acts as
an exclusive underwriting manager for major insurance carriers and
as a full service managing general underwriter for a select group
of third party administrators, benefits consultants and insurance
brokers. In addition to specific and aggregate stop-loss,
group life and AD&D, and group disability insurance, Excess Re
provides access to off-shore captive management services and
superior managed care through Quantum Care, Inc. and other
strategic partnerships. Excess Re is a wholly-owned
subsidiary of National Financial Partners Corp. (NYSE: NFP).
To learn more about Excess Re, visit www.excessre.com.
About National Financial Partners Corp.
NFP is a leading independent financial services distribution
company. NFP offers high net worth individuals and companies
throughout the United States and
in Canada comprehensive solutions
across corporate and executive benefits, life insurance and wealth
transfer, and investment advisory products and services. NFP
and its subsidiaries provide clients with access to objective
advice and a choice of insurance and financial products and
services. For more information please visit www.nfp.com.
SOURCE Excess Reinsurance Underwriters Agency, Inc.