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Stop‑loss market tight as RGA exits, county faces multi‑hundred‑thousand claims
Summary
Holmes Murphy reported RGA will exit the stop‑loss market in January 2027; the broker solicited carriers and received preliminary proposals with anticipated rate increases and flagged two current high claims (one over $1 million) that affect renewal pricing and the county's stop‑loss exposure.
Holmes Murphy informed the committee that the county's current stop‑loss carrier, RGA, is exiting the market effective January 2027 and that the broker received eight preliminary replacement proposals with increases ranging roughly from 16% to 18%.
"RGA, our current provider, is exiting the stop loss market On January 2027," Colleen Frederickson said during the stop‑loss discussion; she added that Holmes Murphy marketed the county's account and received multiple preliminary proposals. Frederickson and other staff noted the county currently has two high claims under review — one exceeding $1,000,000 and another in the high‑hundreds of thousands — and that the county's stop‑loss attachment point is $650,000.
Committee members observed that 2026 has an unusually high number of large claims compared with prior years and cautioned that this year is not an ideal time to market the stop‑loss program, though they acknowledged the county needs a replacement carrier once RGA leaves.
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