June 9, 2023 – Hamilton Square, New Jersey – Berkley Accident and Health, a Berkley Company, is proud to announce the recipients of the 2023 Berkley Edge Excellence in Health Risk Management award. This award is given to outstanding Stop Loss Group Captive programs that have shown superior health risk management and innovative practices over the past year. Group Captive programs allow small and midsize companies to come together in order to gain control over health care costs, experience less volatility, and offer sustainable employee benefits.

The recipients are selected from among all of Berkley Accident and Health’s programs for their continual dedication to health risk strategies that help achieve high-quality, affordable employee health care. Their activities have resulted in surplus funds returned to their program, due to lower claim costs. These returned funds directly benefit not only the employers in the program, but also their covered employees, through lower unnecessary health care costs. The Berkley Edge Excellence awards were announced at the 2023 Berkley Captive Symposium in April.

Congratulations to the Captivated Health Education and Engineering Programs, sponsored by Borislow Insurance, and the Tribute Program, sponsored by Leavitt Group, who won this year’s Berkley Edge Excellence in Health Risk Management award. These programs have people who review their captive’s health risk management (HRM) efforts, monitor results, provide support for HRM member initiatives and champion the members successes. They have both utilized predictive analytics tools, unique PBM models that include alternative funding and site of care review, and specialty vendors. As a result of their strong health risk strategies, these programs have each demonstrated savings of more than $2 million in 2022 to benefit the employees, employers, and their respective captive programs.

“We were happy to select these outstanding programs for the Berkley Edge Excellence in Health Risk Management award this year” said Brad Nieland, President and CEO of Berkley Accident and Health. “Both the Captivated Health Education and Engineering Program and the Tribute Program have demonstrated tremendous innovation and savings in their programs and we couldn’t be more pleased to recognize their success.”

About Berkley Accident and Health

Berkley Accident and Health is a member 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. It underwrites Stop Loss coverage through Berkley Life and Health Insurance Company, rated A+ (Superior) by A.M. Best. For more information, please visit BerkleyAH.com.

BAH AD 2023-107