MSL Captive Solutions, Inc (MSLCS), the managing general underwriter, has hired Sue Russo as Chief Underwriting Officer (CUO), effective immediately.
Russo joins the firm from Voya where she previously led the successful launch of the company’s middle market stop loss initiative, including the development of a dedicated underwriting team and interaction with the sales team and partners.
Before she joined Voya, Russo served as Underwriting Manager at Roundstone Management, Ltd, a medical stop loss captive program manager and MGU.
During her time at Roundstone, Russo oversaw the underwriting of the company’s captive programs and the management of the firm’s underwriting team.
In addition to both Voya and Roundstone, Russo also holds stop loss underwriting experience at Medical Mutual of Ohio.
As well as this, she was also a Senior Benefits Advisor at Oswald Companies, which provided her with both broker and underwriting stop loss expertise.
Addressing her new role, Russo said: “I am excited to be joining MSLCS at this stage in my career. While it has been a difficult decision to leave Voya, the opportunity to come back to the captive industry is very appealing. I’ve been impressed by what MSLCS has built to date and looking forward to working with the team and our partners to realize the potential for stop loss captives and MSLCS.”
Andrew Berry, Managing Director, MSLCS, commented: “We are pleased to welcome Sue to MSLCS as our Chief Underwriting Officer. Her knowledge and experience in the captive market is a perfect fit for MSLCS as we deepen
our underwriting expertise in this sector.”
“The stop loss captive market is growing and we are seeing an increasing number of traditional MGUs trying to enter the market. MSLCS is dedicated to captives, both single parent and group captives, and we are committed to our focus in this sector. We are continuing to add to our underwriting team and under Sue’s leadership we are excited to bring our captive specific underwriting expertise to our partners,” added Berry.
