New York-based ELMC Group LLC, a manager of full-service managinggeneral underwriters specializing in underwriting medical stop-loss insurance, agreedto acquire , an East Norriton, Pa.-basedmanaging general underwriter.

In connection with the acquisition, private equity company will a controlling interestin ELMC.

Richard Fleder is the co-founder and CEO of ELMC. John Parkeris the president of IOA Re.