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.