Boston-based national wholesale insurance broker and program manager, One80 Intermediaries, has acquired Vista Underwriting Partners, a full service managing general underwriter of medical stop loss insurance.
Vista is headquartered in Media, Pennsylvania, and was established in 2007 as a specialty underwriter of medical stop loss insurance coverage for corporate clients and Taft-Hartley Trust Funds across the U.S.
Matthew Power, President of One80 Intermediaries, commented: “We are thrilled to expand One80’s offerings to include an added layer of insurance protection to employers who choose to self-fund their health benefit plans.
“Vista’s stop loss specialists are among the most experienced in the country with deep expertise in underwriting, policy issuance and claims management.”
An announcement on the acquisition notes that Vista is authorised to write, bind risk, issue policies, bill and collect premiums, and also adjudicate and pay claims on behalf of a number of respected stop loss carriers. Vista is backed by only A/A+ rated carriers and reinsurance partners.
Nick Milligan, Managing Director of Vista, said: “We are looking forward to teaming up with One80 Intermediaries. We have been very impressed with their management team and see this as a great opportunity to continue to grow our business.
“Vista has proven underwriting success, a solid reputation for quick and accurate claims reimbursement and an on-going commitment to stop loss innovation. For these reasons we felt that One80’s entrepreneurial culture and dedication to industry leading service created the perfect fit for Vista.”
