More than ever, the job of the broker, consultant and administrator is to ensure that clients have the coverage necessary to take advantage of the benefits of self-funding while avoiding the financial risks. The ELMC companies are built to deliver innovative, high-performance stop loss, reinsurance, and risk consulting products to avoid the financial risks.

ELMC partner companies combined resources deliver smart stop loss solutions, claims management, and support services. Together, we have nearly 100 years of experience as stop loss providers and purchasers. Our in-depth understanding of employer needs makes our MGUs the first choice of brokers, TPAs and employers nationwide.

Our Leadership Team

Richard Fleder President and CEO

Richard Fleder is the President and CEO of ELMC Risk Solutions, LLC.

Which he co-founded in 2013. ELMC is the latest venture in a series of successful insurance related entities he has created including Comprehensive Benefits (CBSC), in 1978, and Thesco Benefits, LLC, in 1995. Since 2013 Richard has built ELMC through the acquisition of best-in-class MGUs with funding partnership from the international investment firm J.C. Flowers & Co.

Richard is a graduate of Franklin & Marshall College. He is a member of the Board of Directors of Unimerica Insurance Company of New York (Executive Committee member). Richard is a past member of the HMO Board of Directors of Oxford Health Plans and the National Advisory Councils of Aetna, CIGNA, HealthNet, and UnitedHealthcare. He is a former member of the Legislative Council of NAHU and the founder of the Empire State Healthcare Coalition.

Kurt Knight Co-founder Board Member & Executive Vice President

Kurt Knight is a Co-founder Board Member & Executive Vice President of ELMC Risk Solutions, LLC.

Kurt is a Co-founder, Board Member and and Executive Vice President of ELMC Risk Solutions, LLC. He began his career in insurance in 1989 at Horizon Blue Cross Blue Shield of New Jersey as an underwriter focused on self-insurance. In 1994 Kurt joined IOA Re, as Regional Manager focused on marketing and underwriting stop loss insurance. After managing New York Life ‘s Underwriting Department for the New York region, Kurt became the Regional Vice President for Elite Underwriters of New York. He served as Executive Vice President of Thesco Benefits focusing on self-insurance, underwriting, stop loss insurance, captive reinsurance arrangements and pooling. In 2013, Kurt left T&H Group to co-found ELMC with Richard Fleder. Kurt is a graduate of Ithaca College. He is a designated Health Insurance Associate and a Certified Employee Benefit Specialist (CEBS). He has participated in the advisory councils of Aetna, Anthem Blue Cross, CIGNA, HealthNet, UnitedHealthcare and OptumRx.

Lowell Cloete Co-founder, Board Member and Chief Financial Officer

Lowell Cloete is a Co-founder, Board Member and Chief Financial Officer of ELMC Risk Solutions, LLC.

Johannes (Lowell) Cloete is a Co-founder, Board Member and Chief Financial Officer of ELMC. He is also the Chief Financial Officer of all wholly owned subsidiaries of ELMC. His leadership experience of more than 25 years in finance, accounting, due diligence and administration has proven invaluable to the direction of the company. In addition to his financial responsibilities for ELMC he is responsible for overseeing due diligence, human resources, information technology and compliance matters.

Lowell most recently served as a Special Advisor to FOJP Service Corporation and its affiliate Hospitals Insurance Company Inc. in New York City, providers of comprehensive insurance and risk management advisory services to leading academic hospitals, long-term care facilities, and social service agencies in the metropolitan New York area. Lowell previously served as Chief Financial Officer of T&H Group – a top-50 insurance broker based in New York City – from 2007 until its sale to Alliant Insurance Services. As CFO of T&H, Lowell was responsible for finance, accounting, due diligence, human resources, information technology, compliance and the facilities departments. Before T&H, Lowell worked for the International Commercial Lines Group of AIG, where he established the Strategic Risks Analysis Group. He began his career with Deloitte in South Africa, served in their Asia Pacific regional office, based out of Hong Kong and finished his time in their M&A Due Diligence Services Group in New York.

Lowell is a United States CPA, and qualified as a South African Chartered Accountant. He graduated from Rhodes University with a Bachelor of Commerce Honors degree and earned an MBA from the Columbia and London Business School joint MBA program.

Mary Ann Carlisle Executive Vice President

Mary Ann Carlisle is a Executive Vice President of ELMC Risk Solutions, LLC.

Mary Ann joined ELMC in 2015 as Executive Vice President focused on Marketing and Operations. She has extensive experience as a senior operations, relationship management and strategy professional responsible for driving opportunity in a variety of industries. Mary Ann began her insurance career in the legal compliance department of a Philadelphia area MGU, where she met Richard Fleder. She joined him at Thesco/T &H Group where she remained for 12 years, becoming leader of the Benefits practice. Mary Ann worked in financial services for several years before moving into the non-profit sector as Executive Director of BLOCS, a Philadelphia area scholarship organization. From there she was recruited to build the corporate sales channel at a large local communications company. Mary Ann is working to launch ELMC’s prescription drug benefit products. Mary Ann also serves as the Chief Executive Office of RxReins, LLC. She received a Bachelor of Arts degree in history and sociology from Mount Holyoke College.