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Elsass Elected to National Risk Retention Association Board
MINNEAPOLIS, MN--(Marketwire - September 8, 2008) - Sanford "Sandy" Elsass, President/CEO of
Uni-Ter Underwriting Management Corporation, builder and manager of Risk
Retention Groups in the healthcare industry, has been elected a Director of
the National Risk Retention Association (NRRA).
NRRA is the professional association dedicated to the successful
development, education, and promotion of alternatives to traditional
liability insurance domiciled in the United States, including Risk
Retention and Purchasing Groups. NRRA promotes group insurance programs
authorized by the Federal Risk Retention Act as practical, economical,
efficient, and financially sound options for distributing the liability
risks of member insurers. NRRA fulfills its mission through education,
communication, government relations, and advocacy.
Elsass organized and manages Florida's Ponce de Leon LTC RRG, Inc., the
first Risk Retention Group in the nation to insure long-term care
facilities. Launched in 2003, Ponce has grown into a market leader in
Florida with more than 750 facilities insured. Uni-Ter also formed and
manages Lewis & Clark LTC RRG, Inc. with operations in 46 states; J. M.
Woodworth Risk Retention Group, provider of medical malpractice insurance
to physicians/surgeons in New York, Connecticut, Massachusetts, and New
Jersey; and Sophia Palmer Nurses Risk Retention Group, Inc. that insures
nurses in Florida.
Over the past 30 years, Elsass has held senior positions in insurance and
investment banking. He is a Director and shareholder of Sunshine State
Insurance Company, St. Augustine, Florida, a senior officer of U.S. RE
Companies, Inc., Pearl River, New York, the parent of Uni-Ter, and a former
Director of Wainwright Bank and Trust Company, Boston.