OneAmerica signs deal with Japanese insurer

OneAmerica Financial Partners Inc. says it has reached an agreement to provide administration and marketing for a big Japanese insurer that’s entering the medical stop-loss market in the U.S.

Locally based OneAmerica’s agreement with a subsidiary of Nippon Life Insurance Co. takes effect Jan. 1.

Medical stop-loss insurance limits losses on self-funded insurance plans. A OneAmerica unit will administer the coverage nationwide and provide marketing only in the state of New York.