Specific Stop Loss Insurance

The City of Mesa awarded a five‑year, firm‑fixed‑price contract for specific stop‑loss insurance covering its group medical, behavioral‑health, and prescription‑drug employee benefit program. The awardee, Ryan Specialty LLC (operating as Matrix/Accurisk Solutions LLC) will provide the insurance coverage, assume the associated risk, and may offer optional risk‑management services. The contract runs from January 1 2026 through December 31 2030, with a possible two‑year renewal, and carries an escalating annual value totaling roughly $9.8 million. • Scope: Provide specific stop‑loss insurance for medical, behavioral‑health, and Rx claims with deductible options of $500k, $750k, $1M. • Value: Year 1 $1,439,394; Year 5 $2,107,416; total ≈ $9.79 M over five years. • Procurement: Full and open competition; award based on lowest price among highest‑scoring proposals.