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Sirius International Insurance Group acquires International Medical Group

Sirius International Insurance Group Ltd. has acquired medical insurance products and assistance services provider International Medical Group from ABRY Partners LLC.

A substantial portion of the transaction consideration is in the form of Sirius preference shares, which are convertible into common shares. As a result, on a fully converted basis, an entity controlled by ABRY would own up
to approximately 6% of Sirius' common shares following the transaction.

In addition, International Medical Group's subsidiary IMG-Stop Loss, a managing general underwriter dedicated to medical stop loss insurance products for self-funded employers, was spun off and acquired by its current management team.