Building a $500M Insurance Business from Scratch with Don Gasparro
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概要
Matthew Naylor interviews Don Gasparro, who shares his journey from aspiring teacher to actuary and eventually to building and scaling a major stop loss insurance business. After early roles at Aetna and in consulting, Don co-founded Apex Management Group, which grew through its data-driven approach before being acquired by Gallagher. Don explains how thinking creatively, developing new structures like captives, and solving real employer problems helped reshape the market.
The conversation also explores the future of captives, emphasizing that success depends less on the financial vehicle itself and more on actively managing risk, educating employers, and aligning incentives. Don highlights that the next phase of the industry will be driven by organizations that combine deep expertise with integrated solutions to truly control costs and improve outcomes.