George Washington on a dollar (Image: Allison Bell/TA)

A new, Minneapolis-based health reinsurance firm says it will offer specialized employer stop-loss arrangements, without defining exactly what those arrangements might be.

The firm, Sequoia Reinsurance LLC, says it will focus mainly on offer reinsurance for health maintenance organizations and for health care providers who have agreed to accept some of the financial risk associated with caring for patients.

(Related: Unum Enters Health Stop-Loss Market)

ELMC Risk Solutions LLC, a New York-based company, is backing Sequoia, according to Sequoia.

Sequoia announced last week that it will serve as a managing general underwriter. It will offer underwriting, actuarial, cost-containment, claims and risk-management services.

The firm will have offices in Kansas City and in San Francisco as well as in Minneapolis.

Dan Bolgar, the chief executive officer of the new company, previously was head of the health business at PartnerRe, a company that reinsured HMOs, captive insurers, and other types of health coverage providers.

Bolgar has also been CEO of the accident and health unit at AXIS Capital, and the executive vice president in charge of the accidental and health reinsurance practice group at Willis.

Bolgar has a degree from the University of Cambridge.

— Read Reinsurers Turn Attention To Longevity Riskson ThinkAdvisor.

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