Sirius Acquires International Medical Group
IMG will be run by President & CEO
Barwick commented, "Today we celebrate our long-lasting partnership. As our underwriting partner since 1997, Sirius has worked with IMG on almost all of our international and domestic products. Sirius understands and values the work we do each day, and our passion to 'be there' for our constituents. This transaction was a natural next step for IMG, and we look forward to continuing to work with Sirius long into the future."
Commensurate with the transaction, IMG's subsidiary IMG-Stop LossSM, a managing general underwriter dedicated to medical stop loss insurance products for self-funded employers, has been spun off and acquired by the management team that currently runs this business unit.
"We wish the stop loss team continued success and are very grateful for the contributions that they have made to IMG over the years," Barwick said.
Sirius purchased IMG from private equity investment firm
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ADDITIONAL INFORMATION:
Sirius is a global (re)insurance company founded in
IMG is the second Accident & Health addition to Sirius's specialty insurance platform in as many months. In April, Sirius acquired ArmadaGlobal, a market-leading insurance services and healthcare technology business that creates specialty health and benefit products, delivered with its hallmark world-class service excellence. Click here to learn more.
About IMG
International Medical Group® (IMG®), an award-winning provider of global insurance benefits and assistance services for more than 25 years, enables our members to worry less and experience more by delivering the protection they need, backed by the support they deserve. IMG offers a full line of international medical insurance products, as well as trip cancellation programs, medical management services and 24/7 emergency medical and travel assistance — all designed to provide members Global Peace of Mind® while they're away from home. Learn more at www.imglobal.com.
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