trending Market Intelligence /marketintelligence/en/news-insights/trending/3jS7oRSseLi2EXmZull0EQ2 content esgSubNav
In This List

Sirius International Insurance Group acquires International Medical Group

Blog

Insurance Underwriting Transformed How Insurers Can Harness Probability of Default Models for Smarter Credit Decisions

Blog

The World's Largest P&C Insurers, 2023

Blog

The Worlds Largest Life Insurers, 2023

Blog

Essential IR Insights Newsletter Fall - 2023


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.