Risk Services + Magnolia
Taking Insurance Programs to the Next Level

As co-service providers, Risk Services and Magnolia both play a vital role in the health and success of liability insurance programs. It's a commonality that has created a strong connection between the two niche specialists and helped forge a mutually beneficial business relationship. In fact, Risk Services Vice President Director of Captive Insurance Troy Winch recently recommended Magnolia to one of his large insurance company clients.

"My recommendation was based on the premise that Magnolia provided a more specialized level of claims handling service than our client was getting from its larger claims third party administrator," explains Troy.

Risk Services, a captive management company, helps in the formation, structuring and management of sound captive insurance company operations. Troy's division handles the financial reporting and regulatory compliance for numerous risk retention groups, like Continuing Care Risk Retention Group (CCRRG) and other insurance-related programs. His recommendation speaks volumes about Magnolia's management style.

"As a program manager, Magnolia is completely in tune with their clients and their needs," says Troy. "They're constantly searching for new and innovative ways to help long-term care facilities succeed, always working with their clients' best interests at heart."

Troy is also impressed by Magnolia's background in long-term care. He says, "They are former nurses, managers and administrators – they've all been there, so they can understand and relate. Their experience is viewed in a favorable light by their clients. They speak the same language. And, firsthand familiarity with the industry bodes well for knowing and understanding the risks."

Could a specialized claims approach save your business time and money? Learn more today.