Jay Ritchie

In this conversation, Jay Ritchie, President and CEO of Tokio Marine HCC with over 30 years in stop-loss underwriting, shares crucial insights into the tightening stop-loss market for 2025-2026. He highlights the surge in multi-million dollar claims driven by NICU stays and gene therapies, the reasons behind climbing industry loss ratios, and the importance of treating stop-loss partners as collaborators, not commodities. Ritchie emphasizes the role of data in shaping future underwriting strategies and the benefits of active risk management through captives.