Insurer Now Offering Stop Loss Coverage

October 22, 2024 – Hamilton, NJ – Berkley Accident and Health, a Berkley Company, announced today that StarNet Insurance Company, a subsidiary of W. R. Berkley Corporation, has been added as a carrier solution for its Employer Stop Loss insurance business. StarNet joins Berkley Life and Health Insurance Company, expanding Berkley Accident and Health’s ability to meet the demands of its distribution partners for both Stop Loss and its rapidly growing Group Captive programs.

“The strategic addition of StarNet Insurance Company provides us with greater flexibility to meet the needs of our clients,” said Brad Nieland, President and CEO, Berkley Accident and Health. “It enables us to stay at the forefront of an ever-changing marketplace and distribution landscape.”

Berkley Accident and Health is a leader in protection for self-funded health plans, offering Stop Loss insurance and Group Captive programs that enable small and midsize employers to self-fund with greater scale and stability.

StarNet Insurance Company enjoys high ratings from the following independent rating agencies, reflecting its financial strength and security:

• A.M. Best: A+ (Superior)
• Fitch: AA-
• Standard & Poor’s: A+ (Strong)

For information about Berkley Accident and Health’s Stop Loss and Group Captive solutions, please visit: https://www.berkleyah.com/find-an-expert/.  

About Berkley Accident and Health

Berkley Accident and Health is committed to protecting the financial well-being of people and organizations. We are an industry leader offering an innovative portfolio of accident and health solutions and the personal support that our clients need. Berkley Accident and Health is a member of W. R. Berkley Corporation, a Fortune 500 company, and provides Employer Stop Loss, Group Captive, Specialty Accident, and Managed Care solutions nationwide. Coverage is underwritten by Berkley Life and Health Insurance Company and/or StarNet Insurance Company, both rated A+ (Superior) by A.M. Best. For more information, please visit www.BerkleyAH.com.

Stop Loss is underwritten by Berkley Life and Health Insurance Company and/or StarNet Insurance Company, both member companies  of W. R. Berkley Corporation and rated A+ (Superior) by A.M. Best, and involves the formation of a group captive insurance program that involves other employers and requires other legal entities. Berkley and its affiliates do not provide tax, legal, or regulatory advice concerning EmCap. You should seek appropriate tax, legal, regulatory, or other counsel regarding the EmCap program, including, but not limited to, counsel in the areas of ERISA, multiple employer welfare arrangements (MEWAs), taxation, and captives. EmCap is not available to all employers or in all states. Payment of claims under any insurance policy issued shall only be made in full compliance with all United States economic or trade and sanction laws or regulation, including, but not limited to, sanctions, laws and regulations administered and enforced by the U.S. Treasury Department’s Office of Foreign Assets Control (“OFAC”).

BAH AD 2024-226      © Berkley Accident and Health      10/24