Insurance & Technology is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Channels

12:28 PM
Connect Directly
Facebook
Google+
LinkedIn
Twitter
RSS
E-Mail
50%
50%

HM Insurance Group Acquires Mutual of Omaha Practice

The employer stop-loss business line goes to Pittsburgh’s HM Insurance Group from Mutual of Omaha.

HM Life Insurance Company bought Mutual of Omaha’s employer stop loss line of business effective July 1. Terms of the deal were not disclosed.

Pittsburgh-based HM adds Mutual’s practice, with $100 million in annual premiums, to its existing practice worth $420 million, it said in a release. It will maintain an office in the Omaha area.

Stop-loss insurance protects employers' self-funded health plans from the financial impact of catastrophic claims.

Nathan Golia is senior editor of Insurance & Technology. He joined the publication in 2010 as associate editor and covers all aspects of the nexus between insurance and information technology, including mobility, distribution, core systems, customer interaction, and risk ... View Full Bio

Register for Insurance & Technology Newsletters
Slideshows
Video