NSM Insurance Group, an insurance provider in the U.S. and U.K., has bought subsidiaries of ELMC Risk Solutions LLC, from J.C. Flowers & Co.

The purchase includes Sequoia Reinsurance Services LLC, IOA Re LLC and its divisions Rockport Benefits and insurance resources and auditing services. The acquired businesses provide medical stop loss insurance and managed care insurance.

“NSM is well respected throughout the industry for building successful businesses and their unparalleled expertise, resources and capacity will help take our collective businesses to new heights,” says John Parker, president and CEO of IOA Re.