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