Services That Hit the Mark

As more plan sponsors choose to self-fund their medical plans, protection from the risks that accompany self-funding is imperative. More than ever, the job of the broker, consultant and administrator is to ensure that clients have the coverage necessary to take advantage of the benefits of self-funding.

ELMC delivers smart stop-loss solutions, claims management and support services. With more than 40 years of experience as stop-loss providers and purchasers, we have an in-depth understanding of employer needs that makes our MGUs the first choice of brokers and employers nationwide.

Seasoned Leadership

ELMC’s management team is comprised of talented industry professionals with deep-rooted experience in health insurance, self-funding, Third Party Administration and the stop-loss markets.


Richard Fleder
Chief Executive Officer


Richard has more than 40 years of experience in the insurance industry and has established several successful healthcare businesses.

Richard began his career in 1975 at Tanenbaum-Harber Company, Inc. While leading the company, Richard helped found Comprehensive Benefits Service Company (”CBSC”), a third party claims administrator for self-funded medical plans. He was named president of CBSC in 1986 when it was sold to Employee Benefits Plans, Inc. (”EBP”), a NYSE company and one of the largest third party administrators and stop-loss insurance providers in the country. After managing EBP, the company was sold to First Data Corporation. Richard then moved on to form Thesco Benefits, which grew to become the 9th largest employee benefit specialist in the country.  

In 2006, Thesco merged with Tanenbaum-Harber Co., Inc. to become the T&H Group. The T&H Group grew to become the 26th largest broker in the country.  In 2010, T&H Group was sold to Blackstone Partners and merged into Alliant Insurance Services. In 2012, concurrent with the sale of Alliant to KKR, Richard moved on to found ELMC Holdings, LLC.

Richard graduated from Franklin & Marshall College. Shortly thereafter, he received the CLU designation from the American College. Richard has been a member of the Board of Directors of Oxford Health Plans New York HMO, as well as Unimerica Insurance Company of New York.  He has been a member of the National Advisory Councils of Aetna, CIGNA, HealthNet and UnitedHealthcare.



Kurt Knight
Executive Vice President


Kurt brings more than 25 years of experience in underwriting and managing self-funded plans. 

Kurt began his career in 1989 at Horizon Blue Cross Blue Shield of New Jersey as an underwriter focused on self-insurance. In 1994 Kurt was appointed Regional Manager at IOA Re, focused on marketing and underwriting stop-loss insurance, and in 1996 he became the Manager of the Underwriting Department for New York Life’s healthcare plans in the New York region. In 1998, Kurt began to market stop-loss insurance arrangements in the New York area as the Regional Vice President for Elite Underwriters of New York.

Kurt joined Thesco Benefits, LLC as Executive Vice President in 1999 to establish and manage the company’s Financial Management Unit. In building and managing the practice, he applied best practices and financial expertise required to satisfy a range of large and diverse national clients. During the next 14 years, Kurt focused on all facets of self-funded medical insurance programs, including underwriting, stop-loss insurance, captive reinsurance arrangements and pooling.

Kurt holds a Bachelor of Science in Finance from Ithaca College. He’s received designations as a Health Insurance Associate from the Health Insurance Association of America and the Certified Employee Benefit Specialist (CEBS) from the International Foundation of Employee Benefit Plans. Kurt has participated on the national and local advisory councils for Aetna, Anthem Blue Cross, CIGNA, Health Net, UnitedHealthCare and Unum.


John Gedney
Executive VP, Chief Growth Officer


John is an employee benefits entrepreneur with more than 30 years of experience helping companies maximize their benefit plans.

John is known throughout the industry as a pioneer who has been on the leading edge of significant industry shifts including managed care and technology.  He was a key executive with Oxford Health Plans during its formative years and a sales executive for EBP Healthplans, the leading provider of self-funded services and stop loss for mid-market employers during his time there.

Prior to joining EBP, John owned an employee benefits advisory firm, Securis, and was a founder of OnlineBenefits. OnlineBenefits was the creator of Benergy, the industry leading benefits communications portal.

John is considered an industry expert in the emerging Private Exchange market. He comes to ELMC from Liazon, a Willis Towers Watson company, where he held the position of Vice President of National Partnerships – creating, developing and overseeing the national broker partner channel.

About J.C. Flowers


Since September 2016, ELMC has been majority-owned by funds advised by J.C. Flowers & Co. LLC (“J.C. Flowers”), a leading private investment firm dedicated to investing globally in the financial services industry. Founded in 1998, the firm has invested in 46 portfolio companies in 16 countries across a range of industry subsectors including banking, insurance and reinsurance, securities firms, specialty finance, and services and asset management. With approximately $6 billion of assets under management, J.C. Flowers has offices in New York and London. For more information, visit