R.E. Moulton, Inc., and Nippon Life Insurance Company of America to Form Strategic Business Relationship
R.E. Moulton, Inc., and Nippon Life Insurance Company of America to Form Strategic Business Relationship
Indianapolis, November 27, 2007
OneAmerica Financial Partners, Inc. (OneAmerica®) announced today that its subsidiary, R.E. Moulton, Inc. (R.E. Moulton), has entered into a relationship with Nippon Life Insurance Company of America (NLI America), one of the world’s fastest-growing employee benefits providers. Through this relationship, R.E. Moulton will provide full administrative and limited marketing services in support of NLI America’s entry into the niche medical stop loss insurance market.
“The advantages of this relationship to both R.E. Moulton and NLI America are significant,” said Bill Knarr, R.E. Moulton president. “We’re thrilled to expand our distribution footprint in the growing self-funded health plan market and believe that our experience and expertise will help NLI America successfully enter the medical stop loss insurance marketplace.”
Effective Jan.1, 2008, R.E Moulton will begin administering NLI America’s new stop loss insurance product nationwide. R.E. Moulton will also market and administer the NLI America medical stop loss insurance policy in the state of New York. In turn, NLI America will market and distribute its stop loss insurance product in all other approved states with the help of R.E. Moulton’s pioneering leadership in the industry.
“NLI America recognizes the importance of having a medical stop loss insurance product to support the growing number of our employers who chose to self-fund their health plans,” said NLI America President and CEO Akira Hosoda. “We also recognize the complexity of the catastrophic medical market, so our relationship with R. E. Moulton, one of the stop loss insurance industry’s oldest and most reputable underwriting firms, immediately helps establish the credibility of NLI America’s new product.”
A shared commitment to policyholder service makes this an ideal environment as each company looks to expand and diversify its business. Both companies’ revenues are expected to increase considerably as a result of the relationship.
“Our relationship with an organization that shares R.E. Moulton’s business philosophy and understands our vision is critical to our success,” said Knarr.
About R.E. Moulton
R.E. Moulton, Inc., a OneAmericaâ company, has been recognized as a leader in the medical stop loss insurance industry since the advent of self-funded health plans. R. E. Moulton’s legacy has been built on innovation, security, flexibility and quality products and services. R. E. Moulton’s reputation for delivering on its promises remains the industry standard. As a competitive direct-writing entity for American United Life Insurance Companyâ, and with a strong portfolio of cost management services, R. E. Moulton’s pioneering spirit has been enhanced. The comprehensive medical stop loss insurance products administered by R. E. Moulton are available to brokers and third party administrators nationwide.
About Nippon Life Insurance Company of America
NLI America, a subsidiary of Nippon Life Insurance Company (Osaka, Japan), delivers a comprehensive range of employee healthcare benefit programs, including group insurance for employees and their families. Our customers include American and Japanese-owned companies based in the U.S.
With service as the cornerstone of its daily mission, Nippon Life Insurance Company has become the world’s largest mutual life insurance company. It has achieved this position by continuing to focus on its customers and delivering to them the products and services they want. Like our parent company, NLI America operates with the same level of commitment to our customers, which has earned us their trust and loyal support.
Our employee benefit offerings are complemented by those of several leading managed health care companies that share a common focus—a high level of quality service and customer satisfaction. We provide employee benefit needs for U.S. companies of all sizes through our offices in New York City, Atlanta, Chicago and Los Angeles, as well as through the offices of our product partners.
About OneAmerica
OneAmerica Financial Partners, Inc., is headquartered in Indianapolis, IN. The companies of OneAmerica® can trace their solid foundations back more than 125 years in the insurance and financial services marketplace.
OneAmerica’s nationwide network of companies offers a variety of products to serve the financial needs of their policyholders and other clients. These products include retirement plans, products and services; individual life insurance, annuities, long-term care solutions and employee benefits. The goal of OneAmerica is to blend the strengths of each company to achieve greater collective results.
The products of the OneAmerica companies are distributed through a network of employees, agents, brokers, and other distribution sources that are committed to maximizing value to our policyholders by helping them plan to meet their financial goals.
We deliver on our promises when customers need us most.
Note: OneAmerica is not a licensed insurance company. The companies of OneAmerica are neither licensed in New York as insurance companies nor do they solicit business for their insurance products in New York.
