Global specialty insurer and reinsurer SiriusPoint Ltd. announced th
at its subsidiary International Medical Group (IMG) will acquire A
ssist America, a New Jersey-based provider of global emergency tra
vel assistance ser
vices that generates $20 million in annual assistance revenues.
Founded in 1990, by George W. Howard, III, Assist America primarily
sells its services to insurance companies as part of their corporate ben
efit plan produc
ts. It provides global emergency assistance to 40 million members acr
oss Asia, the Middle East and North America.
Sirius Point said The acquisition will “significantly bolster” IMG’s thir
d-party medical and travel assistance revenue, increase scale in th
Watch More Image Part 2 >>>
e U.S., and expand its coverage to Asia and the Middle East.
SiriusPoint is headquartered in Bermuda-headquartered wi
th offices in New Y
ork, London, Stockholm and other locations and is licensed to write p
roperty and casualty and accident and healt
h insurance and reinsurance globally. Its operating comp
anies report approximately $2.8 billion in total capital.
IMG offers international private medical insurance, trave
l medical insurance, and travel insurance, as well as insurance admi
nistrative services and 24/7 emergency medical, security, and tra
vel assistance. It serves travelers, students, missionaries, mari
ne crews, and other individuals or groups traveling, working, or living away from home.