10 Jul 2017

ELMC Risk Solutions adds veteran talent to the growth plan

ELMC Risk Solutions adds veteran talent to the growth plan
-New western region strength broadens MGU’s national footprint-

New York, NY (July 10, 2017) – ELMC Risk Solutions, LLC, (“ELMC”), a manager of premier, full-service managing general underwriters (“MGUs”) specializing in underwriting medical stop-loss insurance is pleased to announce that industry veteran, Staci O’Toole, has joined ELMC as President of ELMC Underwriters (ELMCU), Western Region. In her new role, Staci will lead ELMCU’s sales efforts in the Western region expanding the company’s national presence.

Ms. O’Toole brings 25 years of experience in sales leadership, marketing, and underwriting, particularly in the West Coast market. She has a consistent record of creating profitable business in the self-funded market. In her previous engagement, she managed 4 regional sales offices accounting for more $90 million dollars in annual premium.

Richard Fleder, ELMC’s founder and CEO said “We are quite fortunate and enthusiastic about bringing someone with Staci’s expertise and record of success in the medical stop loss market into the company.” This appointment is consistent with ELMC’s recent expansion efforts which have brought together Midwest Risk Underwriters, IOA Re, RxReins and Adler Rx Consulting, under the ELMC Risk Solutions banner.

About Staci O’Toole

Staci O’Toole is the President, Western Region of ELMC Underwriters. She brings more than 25 years of experience in the Self Insurance industry with a focus in sales, marketing, underwriting and management to this role. Prior to joining ELMC Underwriters, Staci served as Vice President of Sales for Houston International Insurance Group where she was a leader in driving the company’s growth. Prior to her tenure at HIIG, Staci was a member of the R.E. Moulton team where she was responsible for developing the Western Region, which grew to become the company’s largest block of profitable stop loss business. At Moulton she managed four sales offices generating more than $90 Million in annual premium and developed their Preferred Carrier Status with National Producers. Prior to joining R.E. Moulton, Staci was Regional Manager for the Hartford’s Stop Loss division where created a new distribution channel that focused on TPAs in the Western United States. Staci started her stop loss career with SAFECO as the Regional Manager for the Pacific Southwest Region.  She led the sales and field underwriting offices for Group Life, LTD and Excess Loss.  Before moving to California, Staci was a broker for a regional P&C firm in Boston. She holds a Bachelors of Science in Education-Math & Science.

About ELMC

ELMC owns, manages and seeks to acquire premier MGUs across the nation that specialize in underwriting medical stop-loss insurance for self-funded health plans. ELMC provides a best-in-class platform for delivering medical stop-loss solutions to brokers, carriers and clients. For more information, visit elmcgroup.com.

About J.C Flowers & Co

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 jcfco.com.