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Peter Parent Named President of Innovative Stop Loss Solutions (ISLS), a Full-Service, Specialized MGU Focused on Medical Stop Loss UnderwritingInnovative Stop Loss Solutions (ISLS) proudly announces the appointment of Peter Parent as its new President. With a distinguished career spanning over 25 years in the medical stop-loss insurance sector, Peter brings a wealth of experience and expertise to his new role. At ISLS, Peter will lead the company in its mission to provide innovative and tailored stop-loss insurance solutions to its clients. Leveraging his extensive experience in underwriting and operations, Peter is poised to steer ISLS toward continued growth and success in the competitive stop-loss insurance market. "Assuming the role of President at ISLS, I'm excited to lead a team that's focused on developing truly unique solutions for our clients. We are a specialized MGU, with a goal of transcending traditional stop-loss and transitioning more into alternative models, specifically medical stop-loss captives. Our clients include some of the industry's most innovative Program Managers, Third Party Administrators (TPAs), and benefit consultancies in the country, and we are thrilled to serve as a trusted partner in highlighting their unique differentiation," said Peter Parent, President, Innovative Stop Loss Solutions (ISLS). Innovative Stop Loss Solutions (ISLS) offers a broad range of stop-loss insurance solutions, encompassing both traditional stoploss and medical stop-loss captives. ISLS's services are designed to enhance financial stability and operational efficiency, broadening coverage potential, hedging short-tail risks, enhancing cash flow management, optimizing surplus funds, mitigating healthcare market volatility, and streamlining operations for improved decision-making. "At ISLS, we are not just about offering insurance solutions; we are about creating partnerships that empower our clients. From policy integration to proactive claims review and detailed financial reporting, our goal is to provide support that makes a difference for our shared employer clients. We believe in flexibility, innovation, and expertise as the cornerstones of our service. These are not just words to us; they are a commitment to excellence that guides everything we do," said Peter. Peter Parent brings extensive stop-loss insurance industry experience to ISLS and is complemented by a veteran leadership team with an average tenure of 20+ years in the medical stop loss industry. Peter has previously built, launched, and managed multiple MGUs, establishing his industry credibility for driving growth and operational excellence. Peter's proven record of accomplishments positions him as the ideal leader for ISLS's next stage of growth. About Innovative Stop Loss Solutions (ISLS): Innovative Stop Loss Solutions (ISLS) is a full-service Managing General Underwriter (MGU) based in Portland, ME. Specializing in tailored stop-loss insurance solutions, ISLS offers comprehensive risk assessment, competitive capacity, and innovative insurance structures to meet the unique needs of its clients. With a commitment to partnership, innovation, and excellence, ISLS is dedicated to delivering top-notch solutions that drive stability and growth for businesses in the stop-loss insurance sector. For more information about ISLS and its services, please visit www.getisls.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240311220528/en/ |
