New York, NY (June 14, 2019) – IOA Re, LLC (“IOA”) the primary underwriter of ELMC Risk Solutions, LLC, (“ELMC”) is pleased to announce that Jim Haggerty will join the Company later this month as Executive Vice President, Stop Loss Underwriting. In this role, Jim will oversee enterprise-wide underwriting and risk strategies at IOA’s offices across the country. Jim will report to John O. Parker and will be based in the company’s East Norriton, PA office.
Prior to joining IOA, Jim spent more than 12 years with Crum and Forster where he served as Vice President of Accident & Health programs. Previously, he held senior underwriting positions at insurance companies including Arch Insurance, OPUS Re, QBE and Reliance National where he lead underwriting teams toward growth and profitability. Jim’s relationship with IOA is deep rooted, having supported IOA in the roles of both stop loss partner and issuing carrier. His partnership with IOA over the past ten years has prepared him well to drive IOA’s core business through strategic initiatives.
Jim holds degrees in both Computer Science from SUNY and Business Management from Colorado Technical University.
Richard J. Fleder, President and CEO of ELMC agrees, “We are thrilled about having Jim join IOA Re and ELMC . He brings experience leading stop loss teams for world class organization and his addition to the firm will tremendously benefits both our clients and stop loss partners. Jim’s industry relationships and knowledge will strengthen IOA’s ability to deliver timely stop loss solutions and expand our presence in the marketplace.”
“Jim is well known as a national leader in managing risk and delivering successful stop loss strategies,” said President of IOA , John Parker. “The addition of Jim to the IOA team is aligned with our plan to grow the stop loss business through the addition of talented industry leaders to our existing seasoned stop loss and reinsurance professionals.”
Jim looks forward to joining IOA, “I have supported IOA throughout the years and respect the organization and its talented staff. The longstanding relationship I have built provides me with a unique perspective of the MGU, broker, reinsurance and carrier models. IOA is well positioned to grow successfully and I am excited to be a part of the strategic vision and plan.”
ELMC owns, manages and seeks to acquire premier MGUs across the nation that specialize in underwriting stop loss insurance for self-funded health plans as well as reinsurance for providers and managed care companies. ELMC provides a best-in-class platform for delivering solutions to brokers, carriers and clients. For more information, visit www.elmcgroup.com.