About ELMC Group
ELMC Group is a Financial Services company based in New York (United States) founded in 2015 by Johannes Cloete and Kurt Knight, and was acquired by J.C. Flowers in September 2016. Insurance underwriting services are provided by ELMC Group. ELMC Group has completed 2 acquisitions, including IOA Re and Tesser Health. Its chief executive, as recorded, is Richard Fleder. Its focus areas include Insurance Underwriters.
Company details
ELMC Group was established in 2015 and is based in New York, United States. Operations are centered on insurance underwriting within the financial services sector. Risk evaluation and policy issuance are handled for clients across various insurance lines. The firm is led by Co-Founders Johannes Cloete and Kurt Knight, as well as CEO and President Richard Fleder. Focus remains on structured underwriting processes in a regulated market.
- Headquarters New York, United States
- Founders Johannes Cloete, Kurt Knight
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website elmcgroup.com
- Social LinkedIn
- Acquired by J.C. Flowers (Sep 2016)
- Investors
- Investments & AcquisitionsIOA Re
& 1 more
- Acquired byJ.C. Flowers
(Sep 2016)
Investors in ELMC Group
ELMC Group has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include J.C. Flowers.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm focused on financial services sector | jcfco.com | New York, United States |
Investor details for ELMC Group
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- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
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People of ELMC Group
5 people are tracked at ELMC Group (3 in leadership, 2 in team).
| Name | Role | Group |
|---|---|---|
Johannes Cloete | Co-Founder | Leadership |
Kurt Knight | Co-Founder | Leadership |
Richard Fleder | CEO & President | Leadership |
Jim Hegarty | Senior Manager - FP&A | Team |
Mary Ann Carlisle | EVP | Team |
Complete people profiles for ELMC Group
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- Full employee list
- Team structure
- Board tenure
- Professional contacts
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Investments & Acquisitions by ELMC Group
ELMC Group has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include IOA Re and Tesser Health.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Price transparency software for employee drug pricing is provided. | tesserhealth.com | Miami, United States | 2014 | Dec 2019 | •••• | |
Insurance underwriting services are provided in the United States. | ioare.com | East Norriton, United States | 1987 | Sep 2016 | •••• |
Complete acquisition details for ELMC Group
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- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of ELMC Group
4 dated milestones of ELMC Group across 4 years, from founding to its latest funding, stage changes and deals.
- Founded ELMC Group is founded.
- Acquisition Acquires IOA Re.
- Exit Acquired by J.C. Flowers.
- Acquisition Acquires Tesser Health.
Top companies in Insurance & Risk Management
3 companies that operate in the same segment as ELMC Group (Insurance & Risk Management) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Investment advisory, insurance distribution, and risk management services are provided. | 1998 | Chicago, Illinois, United States | USD 1.6 B | |||
Financial institution offering insurance & transaction services | 1847 | Jacksonville, United States | USD 500 M | USD 14.51 B | 23,530 | |
Integrated healthcare services and coverage are provided nationwide. | 1945 | United States |
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Frequently Asked Questions about ELMC Group
ELMC Group was founded in 2015.
ELMC Group is headquartered in New York, United States. It is registered at New York, New York, United States.
Richard Fleder is the CEO of ELMC Group, as recorded in our data.
ELMC Group was established in 2015 and is based in New York, United States. Operations are centered on insurance underwriting within the financial services sector. Risk evaluation and policy issuance are handled for clients across various insurance lines. The firm is led by Co-Founders Johannes Cloete and Kurt Knight, as well as CEO and President Richard Fleder. Focus remains on structured underwriting processes in a regulated market.
ELMC Group has made 2 acquisitions, including IOA Re, and Tesser Health.
ELMC Group has 1 investor. Key investors include J.C. Flowers.
Yes. ELMC Group was acquired by J.C. Flowers in September 2016.