Connecticut-based private equity firm Stone Point Capital has invested in ClearPoint Health to “enable more affordable health insurance benefits for small and mid-sized employers.”
ClearPoint is a medical stop-loss captive platform for small and mid-sized employers founded by a veteran team of technologists, clinicians, and health insurance experts, in conjunction with Stone Point Capital.
Jeb Dunkelberger, Founder & CEO of ClearPoint Health, commented, “We’re thrilled to partner with Stone Point Capital to accelerate growth for our national captive platform.
“Employer health insurance expenses will only stop growing when we create a ‘win-win-win’ for employers, clinical providers, and carriers – the ClearPoint platform enables this, yielding not only affordability but sustainability.
“Stone Point’s expertise in the employee benefits space and track record of backing and helping build highly successful platforms makes them the ideal partner for ClearPoint.”
According to ClearPoint, its expansion in the medical stop-loss marketplace comes as captives enter a “new phase of growth”, with broadening commercial market adoption led by the continued migration of employers transitioning from fully insured insurance products to more transparent and affordable level-funded and self-funded arrangements.
Chuck Davis, CEO of Stone Point Capital, added, “We are excited to help launch a company whose mission is to make employee benefits more affordable and higher quality for small and mid-sized employers and their employees.
“We believe that the cost of employer-sponsored health insurance is one of the largest and most common issues facing US employers.
“Partnering with the ClearPoint team represents a significant opportunity to leverage our experience in the space to help provide scalable, sustainable solutions for employers and benefit advisors across the country.”
