Roundstone & Las Vegas Metro Chamber Launch Innovative Group Insurance Captive in Nevada
Roundstone Management, Ltd. and the Las Vegas Metro Chamber of Commerce announce the Chamber Group Captive, an exclusive captive partnership to offer self-funded health plans to small and mid-sized employers in Southern Nevada.
- Cleveland-Lorain-Elyria, OH (1888PressRelease) November 04, 2014 - The Chamber Group Captive will be part of the Metro Chamber's growing ChamberHealthOptions.com marketplace, a private health insurance exchange for its members and their employees.
The Chamber Group Captive offers cost-savings through best in class expense management, cost containment and wellness. It is non-assessable and predictable for Metro Chamber members.
"We are proud of this partnership with Roundstone that brings a tremendous value proposition to Southern Nevada's small and mid-size employers looking to share risk through a group captive approach with a focus on transparency and flexibility," says Kristin McMillan, president & CEO of the Metro Chamber.
Gene Pompili, Roundstone's Senior Vice President of Sales, commented "We're excited to partner with a highly respected organization like the Metro Chamber. We've been working closely with our Chamber partners to build a unique Group Captive solution for mid-market employers in Nevada. We look forward to introducing the Group Captive to the Las Vegas area as Roundstone's proven post ACA medical benefit solution spreads to Chamber's across the United States."
Through its wholly owned subsidiary Chamber Insurance & Benefits (CIB), the Metro Chamber has provided health insurance to small businesses with between 2 to 50 employees for nearly 30 years. As changes to health insurance have evolved because of the ACA, the Metro Chamber and CIB have sought out knowledge and expertise from Congressional leaders, regulators and experts from across the United States. Metro Chamber and CIB leaders have gone to Washington, D.C. on four occasions to meet with Congressional representatives, as well as regulators at Health & Human Services to better understand the ACA in order to implement solutions for Chamber members within the bounds of the law. The Roundstone Group Captive is the perfect response and solution for the Chambers members.
Roundstone Management, Ltd. ("Roundstone") based in Westlake, Ohio is an insurance organization focused on the development, underwriting and servicing of alternative risk products, including captives and specialty insurance programs. Roundstone offers intermediaries and buyers an expertise in the captive marketplace coupled with turnkey insurance management services.
The Las Vegas Metro Chamber is the largest and leading business organization in Nevada. Founded in 1911, it has nearly 5,000 members who employ 230,000 people. The Metro Chamber is focused on advocacy and public policy at all levels of government, developing partnerships to improve the community, and providing resources to help businesses grow, thrive and create jobs.
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