Roundstone, Nationwide Announce New Group Captive Underwriting Facility

Roundstone Management Ltd. and Nationwide Life Insurance Co. have announced a new managing general underwriter agreement focusing on group captive insurers, Roundstone announced in a statement Monday.With services directed toward middle-market medical companies, the two organizations plan to offer medical stop-loss for self-funded plans through a single stop, turnkey group captive underwriting facility. “We look forward to working with Nationwide as we strive to improve upon our stop loss captive offerings,” said Michael Schroeder, President of Roundstone, in a statement. “Our customers will benefit through our ability to deliver a complete underwriting solution in the most time and expense efficient manner in the market. Stop-loss group captive growth and successful outcomes are greatly enhanced with Nationwide on our side.”

Editor’s Note: Captives are sexy these days