A U.S. company will be helping an arm of a Japanese company sell backstop coverage to self-funded employer health plans.
Nippon Life Insurance Company of America, New York, a unit of Nippon Life Insurance Company, Osaka, Japan, has hired R.E. Moulton Inc., a unit of OneAmerica Financial Partners Inc., Indianapolis, to provide administrative services and some marketing services for NLI America’s U.S. medical stop-loss operation.
R.E. Moulton will begin administering a new NLI America stop-loss insurance program throughout the United States starting Jan. 1, 2008, OneAmerica says.