Strategic Risk Solutions has announced that it has acquired a majority interest in Alpha Isle Services, a specialist medical stop loss claims administrator.
Founded in 2021, AIS is led by Anne Trupiano, Robyn Eagan, and Nina Carrico. The buisness is headquartered in Massachusetts and operates nationwide. Following the acquisition, both Eagan and Carrico will continue to serve in their roles as Vice Presidents of the company while Trupiano will be withdrawing from the business.
Moreover, AIS provides a full range of consulting services to medical stop loss MGUs. The firm also provides underwriting administration services as well as cost containment strategies to insurance companies.
Brady Young, President and CEO, Strategic Risk Solutions, commented: “We have been impressed by the level of services provided by AIS and the best practices they bring to the operation of a medical stop loss claims department. This is a great opportunity to bring these services to our clients and partners and continue to grow AIS. The expansion of our services into claims administration in the medical stop loss space is consistent with the selective addition of services complementary to our captive management business.”
“We are grateful for the opportunity we have had to start AIS and work with Anne Trupiano to successfully establish the company. We are also excited to build out our vision for a best-in-class claims administration company with the support of SRS. Their reputation within the alternative market and relationships with brokers, employers, insurance companies and other service providers provides an ideal platform for us to deliver and enhance our services”, added Eagan.
