Pan-American Life Insurance Group (PALIG), a provider of insurance and financial services in the US, has signed a distribution agreement with managing general underwriter Evolution Risk Partners.
Under the agreement, Evolution will distribute PALIG’s medical stop loss products to its countrywide broker and consultant network.
PALIG said that the partnership forms part of its plan to expand presence in the US mid to large sized employer market.
Commenting on the alliance, PALIG vice president of US group special markets and actuary Jennifer Lafleur said: “Combined with our financial strength and expertise in medical stop loss coverage, we’re confident that this will be a strong partnership based on trust and common strategic goals.”
Evolution Risk Partners president George Lemmon added: “The environment in the carrier, broker and employer medical space is in constant evolution – hence the name of our company.
“As the trend toward self-insured health plans continues, consultants and brokers are looking to their risk partners to ensure they are providing clients with tailored solutions that support their cost efficiency objectives.”