June 13, 2020 – Hamilton Square, New Jersey – Berkley Accident and Health, a Berkley Company, is proud to announce the winners of the Risk Achievement of the Year (RAY) Award. The RAY Award winners were announced at the 2020 Virtual Berkley Captive Symposium at the end of May.
The RAY Award recognizes Group Captive members, across a variety of programs in Berkley’s portfolio, who have shown exceptional dedication to health risk management in the previous year. Nominees must demonstrate a strong commitment to employee health and wellness, adopt programs that help lower health risk factors, and show measurable results. Above all, winning companies seek to promote a culture of health and secure optimal outcomes for employees and their families.
“Captive members are employers who self-fund their employee health benefits. Rather than buy traditional health insurance, they self-fund with stop loss protection and then join together to share risk through a group captive arrangement,” said Brad Nieland, President and CEO, Berkley Accident and Health. “As a result of aligned incentives and a healthy focus on employee wellness and risk management, the RAY award winners have taken control of their health care spending – and the results are very impressive.”
The 2020 First Place winners are:
Alexander ThompsonArnold (ATA) – Named one of Forbes Magazine’s Fastest Growing CPA Firms in 2019, ATA takes a holistic approach to health and wellness and is committed to educating their team on the importance of a healthy mind, body, and spirit.
Ace Endico – Wholesale food distribution company Ace Endico has created a culture of wellness where employees know that their health and well-being is a priority by offering wellness programs that address a wide range of needs.
Wachter Inc. – Information technology and services company Wachter made a number of changes in 2019 to greatly benefit the health and well-being of their employees and their health plan.
Halloran & Sage – Halloran & Sage is a full-service law firm in the Northeast that has been a long-standing champion of wellness and well-being for their employees.
The 2020 Honorable Mentions are:
Alpha Analytical, Inc.– Alpha Analytical is an environmental testing laboratory in the northeast that recently took three major steps to gain more control over their risk population and pharmacy benefits.
Kreher Family Farms – Kreher Family Farms is a crop growing and egg producing farm in Western and Central New York. They believe in employee health and wellness and strive to create a work environment where wellness is encouraged and promoted.
Western Trailer Co. – Western Trailer Co. is a manufacturer of over-the-road trailers producing flatbed, wood residual, agricultural, and refuse trailers serving industries across the U.S. and takes a proactive, employee-friendly approach to their employee benefits.
Allan S. Goodman – Through the use of data analytics, wholesale beverage distributor Allan S. Goodman has been able to target their employee health education programs and identify solutions that can help lower employee out-of-pocket expenses.
About Berkley Accident and Health
Berkley Accident and Health is a member company of W. R. Berkley Corporation, a Fortune 500® company. Berkley Accident and Health provides an innovative portfolio of accident and health insurance products. It offers four categories of products: Employer Stop Loss, Group Captives, Managed Care (including HMO Reinsurance and Provider Excess), and Specialty Accident. The company underwrites Stop Loss coverage through Berkley Life and Health Insurance Company, rated A+ (Superior) by A.M. Best. For more information, please visit www.BerkleyAH.com.
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