Stop loss insurance (also known as a form of reinsurance) is a product that provides protection against catastrophic or unpredictable losses. It is purchased by employers who have decided to self-fund their employee benefit plans, but do not want to assume 100% of the liability for losses arising from the plans. Under a stop loss policy, the insurance company becomes liable for losses that exceed certain limits called deductibles.
Symetra Financial is the largest medical stop loss provider in the industry and holds an AM Best’s rating of “A”. The Crowne Group is the largest independent brokerage firm in the country with Symetra Financial. Our strong relationships paired with the strength of our controlled block of business has afforded Crowne with favorable pricing arrangements with Symetra for stop loss coverage. This leverages greatly on the client’s current cost and renewals.