SiriusPoint's IMG Acquires World Nomads from nib Group

Reuters02-13 05:15

SiriusPoint's IMG Acquires World Nomads from nib Group

International Medical Group $(IMG)$, a global leader in insurance benefits and assistance services and a subsidiary of SiriusPoint Ltd., will acquire World Nomads, a global travel insurance and lifestyle brand currently part of Australia’s nib Group. World Nomads, with about $40 million in gross written premium, targets independent, lifestyle, and adventure travelers and will expand IMG’s distribution capabilities to Australia, Brazil, and Canada. This move follows IMG’s recent acquisition of Assist America and will extend IMG’s presence to 34 countries across six continents. The majority purchase of the World Nomads group is expected to close in the second or third quarter of 2026, with the final closing anticipated in the second half of 2027, subject to customary conditions.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SiriusPoint Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: GNW9654056-en) on February 12, 2026, and is solely responsible for the information contained therein.

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World Nomads, with about $40 million in gross written premium, targets independent, lifestyle, and adventure travelers and will expand IMG’s distribution capabilities to Australia, Brazil, and Canada. This move follows IMG’s recent acquisition of Assist America and will extend IMG’s presence to 34 countries across six continents. The majority purchase of the World Nomads group is expected to close in the second or third quarter of 2026, with the final closing anticipated in the second half of 2027, subject to customary conditions.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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World Nomads, with about $40 million in gross written premium, targets independent, lifestyle, and adventure travelers and will expand IMG’s distribution capabilities to Australia, Brazil, and Canada. This move follows IMG’s recent acquisition of Assist America and will extend IMG’s presence to 34 countries across six continents. The majority purchase of the World Nomads group is expected to close in the second or third quarter of 2026, with the final closing anticipated in the second half of 2027, subject to customary conditions.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. SiriusPoint Ltd. published the original content used to generate this news brief via GlobeNewswire (Ref. 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