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Benemax Joins International Health Pool Venture

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NU Online News Service, Aug. 26, 2003, 4:53 p.m. EDT – Benemax Benefit Management Company, Medfield, Mass., and Leagold Miller, Essex, United Kingdom, have set up a joint venture that will help small and midsize multinational employers buy health benefits through a reinsured insurance pool.

The venture will obtain pool coverage through the Insurope Multinational Benefits Association, Brussels, Benemax says.

Benemax will sell the pool coverage to employers based in the United States and Leagold, a unit of Leagold Ltd., Essex, will sell coverage to employers based in the United Kingdom.

Participating employers will be eligible to receive year-end dividends from the pool if premium payments exceed claim costs, Benemax says.