SiriusPoint announces expansion of IMG services following acquisition of Assist America
Rhea-AI Summary
SiriusPoint (NYSE: SPNT) announced that its subsidiary IMG will acquire Assist America, a global emergency travel assistance provider founded in 1990.
Assist America generates around $20 million in annual assistance revenues, serves over 40 million members across Asia, the Middle East and North America, and primarily sells services to insurers as part of benefit plans.
The deal is described as accretive to return on equity and EPS, adds capital-light fee income, increases IMG’s scale in the US, and expands coverage into Asia and the Middle East. Financial and legal advisors for both parties were disclosed.
Positive
- $20M annual assistance revenue added
- 40M members in Asia, Middle East, North America
- Accretive to return on equity and earnings per share
- Adds capital-light fee income to IMG
Negative
- None.
News Market Reaction
On the day this news was published, SPNT declined 0.71%, reflecting a mild negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
SPNT was up 2.4% while key reinsurance peers showed smaller gains (e.g., HG +1.14%, EG +1.52%, RNR +1.49%, GLRE +0.35%, RGA +0.47%). The move appeared stronger than typical sector strength and more company-specific.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Nov 18 | Leadership appointment | Positive | -0.3% | Named Maria Tarhanidis as Chief Investment Officer to oversee investments. |
| Oct 30 | Dividend declaration | Positive | +0.1% | Announced <b>$0.50</b> quarterly dividend on Series B preference shares. |
| Oct 30 | Earnings results | Positive | +0.1% | Reported strong Q3 with Core combined ratio 89.1% and higher premiums. |
| Oct 21 | Subsidiary leadership | Positive | +1.3% | Appointed Will Nihan as CEO of IMG to drive growth and transformation. |
| Oct 16 | Earnings scheduling | Neutral | -0.6% | Announced date and call details for Q3 2025 earnings release. |
Recent positive corporate and financial updates generally saw modest positive price reactions, with one leadership announcement showing a small divergence.
Over the past few months, SiriusPoint reported solid Q3 2025 results, including a Core combined ratio of 89.1%, underwriting income of $69.6 million, and operating ROE above its 12–15% target range. It maintained capital returns via a $0.50 Series B dividend and refreshed leadership, appointing new CIO and IMG CEO. Today’s acquisition of Assist America extends that strategic focus on expanding IMG’s global assistance platform following earlier leadership changes at IMG.
Market Pulse Summary
This announcement details SiriusPoint’s plan to have IMG acquire Assist America, adding around $20 million in annual assistance revenues and reaching over 40 million members globally. It extends IMG’s scale in the U.S. and broadens coverage across Asia and the Middle East. Investors may watch how this capital-light, fee-based growth complements SiriusPoint’s recent strong underwriting results and whether management delivers on the stated accretion to return on equity and earnings per share.
Key Terms
return on equity financial
AI-generated analysis. Not financial advice.
HAMILTON, Bermuda, Dec. 23, 2025 (GLOBE NEWSWIRE) -- SiriusPoint Ltd. (“SiriusPoint” or the “Company”) (NYSE: SPNT), a global specialty insurer and reinsurer, has today announced that International Medical Group (“IMG”), a leader in global insurance benefits and assistance services, and SiriusPoint’s wholly owned subsidiary, will acquire Assist America.
Founded in 1990, by George W. Howard, III, Assist America is a leading provider of global emergency travel assistance services, producing around
Assist America primarily sells its services to insurance companies as part of their corporate benefit plan products. It provides reliable global emergency assistance to over 40 million members across Asia, the Middle East and North America. The acquisition will significantly bolster IMG’s third-party medical and travel assistance revenue, increase scale in the US, and expand its coverage to Asia and the Middle East.
Scott Egan, Chief Executive Officer at SiriusPoint, said: “The acquisition of Assist America represents a strategic step forward in strengthening IMG’s global assistance services offering. Assist America is a highly respected business with deep expertise in emergency travel assistance, and this deal creates significant future growth opportunities.
“The acquisition is accretive to both return on equity and earnings per share, adds additional capital-light fee income, and reinforces our commitment to building a diversified, high-performing portfolio.”
Will Nihan, Chief Executive Officer at IMG, said: “The acquisition of Assist America expands our global reach and enhances our ability to deliver best-in-class medical and travel assistance solutions to clients worldwide. Assist America brings exceptional capabilities and a strong reputation. Together, we will continue to innovate and provide unparalleled service to our partners and customers.”
Brian Mulligan, Chief Executive Officer at Assist America, said: “We are proud of what we have accomplished over 35 years as a family-owned company, and are excited to embark on the next chapter of our journey with the added financial strength and resources of SiriusPoint and IMG behind us.”
Insurance Advisory Partners LLC served as SiriusPoint’s exclusive financial advisor and Mayer Brown LLP served as legal advisor. DDA & Company served as Assist America’s exclusive financial advisor and Fox Rothschild LLP served as legal advisor.
ENDS
About SiriusPoint
SiriusPoint is a global underwriter of insurance and reinsurance providing solutions to clients and brokers around the world. Bermuda-headquartered with offices in New York, London, Stockholm and other locations, we are listed on the New York Stock Exchange (SPNT). We have licenses to write Property & Casualty and Accident & Health insurance and reinsurance globally. Our offering and distribution capabilities are strengthened by a portfolio of strategic partnerships with Managing General Agents and Program Administrators. With approximately
About IMG
IMG is an award-winning global insurance benefits and assistance services company that has served millions of members worldwide since its founding in 1990. The preeminent provider of travel and health safety solutions, IMG offers a wide range of insurance programs, including international private medical insurance, travel medical insurance, and travel insurance, as well as enterprise services, including insurance administrative services and 24/7 emergency medical, security, and travel assistance. IMG’s world-class services, combined with an extensive product portfolio, provide Global Peace of Mind® for travelers, students, missionaries, marine crews, and other individuals or groups traveling, working, or living away from home. For more information, please visit http://www.imglobal.com.
About Assist America
Assist America is a leading provider of global travel assistance services through employee and student benefit plans. The company was formed specifically to address the unique requirements of the insurance industry’s large membership groups. The company’s plans cover employees (and association members) when traveling on business and leisure trips, as well as spouses and dependent children when traveling for pleasure. For more information, please visit http://www.assistamerica.com.
Forward-Looking Statements
We make statements in this press release, and any related oral statements, that are forward-looking statements within the meaning of the U.S. federal securities laws. We intend these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. Federal securities laws. These statements involve risks and uncertainties that could cause actual results to differ materially from those contained in the forward-looking statements. These risks and uncertainties include, but are not limited to, the parties’ ability to consummate the transaction on the proposed terms or on the anticipated timeline, or at all, including risks and uncertainties related to securing the necessary regulatory approvals and clearances; the impact of general economic conditions and conditions affecting the insurance and reinsurance industry; the adequacy of our reserves; fluctuation in the results of operations; pandemics or other catastrophic events; uncertainty of success in investing in early-stage companies, such as the risk of loss of an initial investment, highly variable returns on investments, delay in receiving return on investment and difficulty in liquidating the investment; our ability to assess underwriting risk, trends in rates for property and casualty insurance and reinsurance, competition, investment market and investment income fluctuations; trends in insured and paid losses; regulatory and legal uncertainties; and other risk factors described in SiriusPoint’s Annual Report on Form 10-K for the period ended December 31, 2024. Except as required by applicable law or regulation, we disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, or new information, data or methods, future events or other circumstances after the date of this press release.
Contacts
Investor Relations
Liam Blackledge, SiriusPoint
Liam.Blackledge@siriuspt.com
+44 203 772 3082
Media
Sarah Hills, Rein4ce
sarah.hills@rein4ce.co.uk
+44 7718 882011
FAQ
What did SiriusPoint (SPNT) announce on December 23, 2025 regarding Assist America?
How much revenue does Assist America contribute to IMG after the SPNT acquisition?
How will the Assist America acquisition affect IMG’s geographic coverage for SPNT?
Did SiriusPoint say the Assist America deal will be accretive to SPNT shareholders?
How many members does Assist America serve according to the SPNT announcement?
Who advised SiriusPoint and Assist America on the transaction announced December 23, 2025?
