January 26 2022
COLUMBIA, S.C. – Companion Life Insurance Company continues to grow with the acquisition of Sextant Self Funding LLC, a full-service managing general underwriter (MGU) based in Syracuse, New York.
“We’re pleased to welcome Sextant to the Companion Life family of products and services,” said Companion Life President John Wilbur. “This acquisition demonstrates our continued commitment to expanding our footprint and growing our stop loss portfolio.”
Sextant was founded by Bill Lutz and Don Wisniewski, who currently serve as managing directors. The company is an MGU for medical stop loss coverage and program management for employer health plans. Sextant works with third-party administrators (TPAs), brokers, agents and consultants to provide employer groups with access to benefit coverage and services.
With this acquisition, Lutz, Wisniewski and the Sextant employees will operate through PACE Underwriters, a division of Companion Life. “We are excited to expand our market presence with the acquisition of Sextant,” said Jeff Petty, President of PACE Underwriters. “As we look to the future, the synergies between our two companies are second to none, and Sextant is a stellar addition to the Companion Life family.”
“We are proud to continue providing high-quality services to employers nationwide with Companion Life,” Lutz said. “This is an exciting opportunity to join a company that shares our dedication to providing excellent customer service while helping clients navigate the stop loss insurance marketplace.”
About Companion Life
Headquartered in Columbia, Companion Life (www.CompanionLife.com) has specialized in employee benefits for 50 years. The company markets Stop Loss, Dental, Limited Medical, Short Term Medical, supplemental, retiree and an array of ancillary products. These products are marketed through managing general underwriters; third-party administrators; and a network of independent agents, brokers and general agents. Companion Life, Companion Life of California, and Niagara Life and Health together are licensed in 49 states and the District of Columbia and are rated A+ (Superior) by AM Best.
About PACE Underwriters
Founded in 2017 by Jeff Petty and Edgar Carbonell, PACE Underwriters is a full service MGU that was acquired by Companion Life Insurance Company in 2020 and now operates as a division. PACE provides our producers with the highest level of customer service and an in-depth knowledge of the industry.
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