SiriusPoint (SPNT) expands IMG with acquisition of World Nomads travel brand

Rhea-AI Filing Summary

SiriusPoint Ltd. announced that its wholly owned subsidiary International Medical Group (IMG) has signed a definitive agreement to acquire the World Nomads travel insurance business from nib Group. World Nomads generates approximately $40 million of gross written premium and is a global travel insurance and lifestyle brand.

The deal is expected to significantly expand IMG’s travel insurance distribution, adding a broad base of independent, lifestyle, and adventure travelers and extending its reach to Australia, Brazil, and Canada. Together with IMG’s recent acquisition of Assist America, which produces around $20 million in annual assistance revenues, the combination creates an integrated travel insurance and assistance platform.

The company states that both the World Nomads and Assist America acquisitions are accretive to return on equity and earnings per share. An initial closing for the majority of World Nomads is targeted for the second or third quarter of 2026, with final closing in the second half of 2027, in each case subject to regulatory approvals and other customary conditions.

Insights

Insurance sector M&A analyst

SiriusPoint is deepening its travel insurance platform through bolt-on acquisitions.

SiriusPoint, via subsidiary IMG, plans to acquire the World Nomads business, which writes about $40 million of gross written premium. Combined with Assist America’s roughly $20 million in annual assistance revenue, this builds a larger, more integrated travel insurance and assistance offering.

Management highlights that both acquisitions are accretive to return on equity and earnings per share, suggesting they expect efficiency or margin benefits. The expansion also broadens IMG’s geographic footprint, including new distribution in Australia, Brazil, and Canada, which may diversify exposure across regions and customer segments.

The transaction structure includes an initial majority closing targeted for the second or third quarter of 2026 and a final closing in the second half of 2027, each subject to regulatory approvals and customary conditions. Execution will depend on timely approvals and successful integration of World Nomads alongside Assist America within IMG’s global operations.

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

 FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of Earliest Event Reported): February 12, 2026 (February 12, 2026)

 SIRIUSPOINT LTD.

(Exact name of registrant as specified in its charter)

Bermuda

001-36052

98-1599372

(State or other jurisdiction of incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

Point Building

3 Waterloo Lane

Pembroke HM 08 Bermuda

(Address of principal executive offices and Zip Code)

Registrant’s telephone number, including area code: +1 441 542-3300

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class			Trading symbol(s)			Name of each exchange on which registered
Common Shares, $0.10 par value			SPNT			New York Stock Exchange
8.00% Resettable Fixed Rate Preference Shares,  Series B, $0.10 par value, $25.00 liquidation preference per share			SPNT PB			New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR 230.405) or Rule 12b-2 of the Exchange Act of 1934 (17 CFR 240.12b-2).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.

☐

Item 8.01    Other Events.

On February 12, 2026, Sirius International UK Holdings II Ltd, a subsidiary of SiriusPoint Ltd. (“SIUK II”), entered into that certain Share and Asset Sale Deed (the “Purchase Agreement”), dated as of February 12, 2026, made by and between SIUK II and nib Travel Pty Ltd, an Australian proprietary limited company (“nib”). Pursuant to the Purchase Agreement, nib will sell or cause certain of its subsidiaries to sell, and SIUK II will purchase or cause certain of its subsidiaries to purchase, equity interests and assets comprising the World Nomads travel insurance business currently operated by nib (collectively, “World Nomads”).

The Purchase Agreement includes customary representations and warranties, indemnification obligations, covenants and termination rights of the parties. An initial closing on the majority of the World Nomads business is expected to occur in the second or third quarter of 2026, and a final closing is expected to occur in the second half of 2027, in each case subject to receipt of regulatory approvals and satisfaction of other customary closing conditions. On February 12, 2026, SiriusPoint Ltd. issued a press release announcing the entry into the definitive agreement for the purchase of World Nomads. A copy of the press release is attached hereto as Exhibit 99.1 and is incorporated by reference herein.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

Exhibit No.						Description
99.1						Press Release, dated as of February 12, 2026, issued by SiriusPoint Ltd.
104						Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

Date: February 12, 2026						/s/ Edward J. Park
						Name:			Edward J. Park
						Title:			Treasurer

PRESS RELEASE

SiriusPoint announces IMG’s acquisition of global travel insurance and lifestyle brand World Nomads

HAMILTON, Bermuda, February 12, 2026 – 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 World Nomads, a division of Australian health insurer, nib Group.

With approximately $40 million of gross written premium, World Nomads is a well-respected global travel insurance and lifestyle brand offering products and services globally.

The acquisition significantly expands IMG’s global travel insurance distribution capabilities with World Nomads targeting a broad customer base of independent, lifestyle, and adventure travelers. It will also see IMG expand its distribution to include Australia, Brazil and Canada.

The deal follows IMG’s recent acquisition of Assist America, a leading provider of global travel assistance services, producing around $20 million in annual assistance revenues.

Scott Egan, Chief Executive Officer at SiriusPoint, said: “World Nomads is a fantastic addition to the IMG business, strengthening its global offering and increasing its premiums written through a broader customer base. Together, IMG, World Nomads, and Assist America have created a truly integrated insurance provider, poised for further growth. IMG will now have a presence in 34 countries, distribute its products across six continents, and provide around-the-clock service coverage.

“Both acquisitions are accretive to both return on equity and earnings per share, and reinforce our commitment to building a diversified, high-performing portfolio.”

Will Nihan, Chief Executive Officer, at IMG, said: “I am proud that the IMG business continues to go from strength to strength. With the recent additions to our portfolio and a clear strategy for expansion, we are building a truly global platform that works for our customers. This planned growth positions us for a strong future, one where we can deliver greater reach, enhanced services, and sustainable value.”

The transaction is expected to close on the purchase of a majority of the World Nomads group in the second or third quarter of 2026, and a final closing is expected to occur in the second half of 2027, in each case subject to receipt of regulatory approvals and satisfaction of customary closing conditions.

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 $2.8 billion total capital, SiriusPoint’s operating companies have a financial strength rating of A- (Excellent) from AM Best, S&P and Fitch, and A3 from Moody’s. For more information, please visit https://www.siriuspt.com/

About IMG® (International Medical Group®)

IMG® (International Medical Group®), a SiriusPoint company, 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 www.imglobal.com.

About World Nomads

Since 2002, World Nomads has been protecting, connecting and inspiring adventurous and independent travelers by offering specialized travel insurance and safety advice. 

Our travel insurance products cover travelers from more than 100 countries. World Nomads focuses on what we believe is important to travelers: emergency medical and evacuation costs, baggage cover, trip cancellation, trip delay and trip interruption costs. We offer cover for more than 250 adventure sports and activities, plus tech and gear. We believe travelers have the responsibility to give back, and through our Footprints program, customers can add a small donation to the price of their plan to help fund a community development project with one of World Nomads’ global nonprofit and charity partners. 

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, which we intend to be covered by the safe harbor provisions for such forward-looking statements. These statements involve risks and uncertainties that could cause actual results to differ materially from those made in or suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the risk factors described in SiriusPoint’s most recent Annual Report on Form 10-K and any other subsequent periodic reports filed with the U.S. Securities and Exchange Commission. All forward-looking statements speak only as of the date made and SiriusPoint undertakes no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events, or otherwise.

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 transaction did SiriusPoint (SPNT) announce regarding World Nomads?

SiriusPoint announced that its wholly owned subsidiary IMG signed a definitive agreement to acquire the World Nomads travel insurance business from nib Group. World Nomads is a global travel insurance and lifestyle brand focused on adventurous and independent travelers, operating in more than 100 countries.

How large is the World Nomads business being acquired by SiriusPoint (SPNT)?

World Nomads generates approximately $40 million of gross written premium. This scale adds a meaningful block of travel insurance business to IMG’s existing portfolio and complements its focus on global travel insurance and assistance services for independent and adventure-oriented travelers worldwide.

When is the SiriusPoint (SPNT) acquisition of World Nomads expected to close?

The purchase of a majority of the World Nomads group is expected to close in the second or third quarter of 2026, with a final closing in the second half of 2027. Both stages are subject to regulatory approvals and other customary closing conditions being satisfied.

How does acquiring World Nomads affect IMG’s global footprint within SiriusPoint (SPNT)?

The acquisition significantly expands IMG’s global travel insurance distribution and adds new markets including Australia, Brazil, and Canada. Management notes that, together with Assist America, IMG will have a presence in 34 countries and distribute products across six continents with around-the-clock service coverage.

Are the World Nomads and Assist America deals financially attractive for SiriusPoint (SPNT)?

SiriusPoint states that both the World Nomads and Assist America acquisitions are accretive to return on equity and earnings per share. This indicates management expects the combined travel insurance and assistance platform to enhance profitability metrics relative to the company’s existing capital base and earnings.

Who is acquiring World Nomads on behalf of SiriusPoint (SPNT)?

World Nomads will be acquired by International Medical Group, a wholly owned subsidiary of SiriusPoint. The formal purchasing entity under the share and asset sale deed is Sirius International UK Holdings II Ltd, another SiriusPoint subsidiary, which will buy the equity interests and assets comprising the World Nomads business.

Filing Exhibits & Attachments

5 documents

Press Releases

• EX-99.1 EX-99.1 PRESS RELEASE 12.5 KB

Other Documents

• EX-101 XBRL TAXONOMY EXTENSION SCHEMA DOCUMENT 2.6 KB
• EX-101 XBRL TAXONOMY EXTENSION DEFINITION LINKBASE DOCUMENT 7.1 KB
• EX-101 XBRL TAXONOMY EXTENSION LABEL LINKBASE DOCUMENT 28.1 KB
• EX-101 XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT 18.6 KB