SiriusPoint (SPNT) said Tuesday its subsidiary International Medical Group will acquire Assist America.
Assist America provides global emergency travel assistance services and generates about $20 million in annual assistance revenues, the company said.
SiriusPoint said the acquisition will increase International Medical Group's third-party medical and travel assistance revenue.
The acquisition is expected to be accretive to return on equity and earnings per share, while adding capital-light fee income, the company said.
Shares of SiriusPoint were up about 1% in recent Tuesday premarket activity.
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