Sequoia Reinsurance LLC, a company focused on under-served niches in the reinsurance market, has been launched today with the financial backing of New York-based ELMC Risk Solutions.
Sequoia is to be led by newly-appointed Chief Executive Officer (CEO) Dan Bolgar, a 25-year industry veteran who joins from PartnerRe, where he served as Head of Health for over two years. Prior to that, Bolgar was CEO of AXIS Accident & Health Reinsurance.
With offices in Minneapolis, San Francisco and Kansas City, Seqouia is to specialise in areas such as HMO reinsurance, provider excess, medical excess reinsurance, and specialised employer stop-loss. It is to open for brokers and clients during the upcoming buying season.
Bolgar commented, “Sequoia is entering the market with a unique set of skills at a time when client centricity has never been so important. We look forward to working with ELMC and leveraging their resources to rapidly build a recognized market leader in this space.”
CEO of ELMC, Richard Fleder, added, “We are extremely fortunate to have developed a relationship with Dan and the Sequoia team in this very specialized area of managed care reinsurance.”
“Given the vast experience of the talented Sequoia managed care reinsurance experts, we are confident that the company will be a significant contributor to our portfolio of Managing Group and Specialty Underwriting companies.”
