IMG Announces Strategic Acquisition of World Nomads to Accelerate Global Expansion and Enhance Travel Insurance Portfolio
- Written by: iPMI Global
International Medical Group (IMG), a SiriusPoint company, today announced a definitive move to strengthen its global market presence through the acquisition of World Nomads from the Australian health insurer nib. This milestone transaction brings approximately $40 million of gross written premium into the IMG portfolio and expands the company’s insurance distribution footprint to 34 countries. To learn more about IMG’s insurance products and assistance services, please visit www.imglobal.com.
The acquisition advances IMG’s "Global Peace of Mind®" mission by establishing a robust distribution network serving millions of customers across six continents.
The synergy between IMG’s sophisticated global infrastructure and World Nomads’ specialized product offerings creates a "one-stop shop" for high-adventure travel insurance. World Nomads is renowned for its specialized coverage, including protection for more than 250 adventure sports and activities. By integrating these specialized offerings, IMG reinforces its capacity to serve niche, high-growth traveller segments that require comprehensive health and safety solutions.
Operationally, the addition of a dedicated Australian office complements IMG’s existing hubs in the U.S. and UK. This geographic trifecta solidifies IMG’s status as a preeminent provider, allowing for around-the-clock operational support and localized expertise across major global insurance markets.
Will Nihan, Chief Executive Officer of IMG, emphasized the strategic importance of this expansion for both current and future customers.
“World Nomads is an excellent addition to IMG’s portfolio, extending our global reach, enhancing our product offerings, and expanding our operations to include Australia alongside our offices in the U.S. and UK,” said Nihan. “We are excited to welcome World Nomads customers to the IMG family and assure them that their coverage and service will continue without disruption.”
Building on this commitment to continuity, Nihan contextualized the deal within the company’s broader trajectory of calculated expansion: “These acquisitions represent a major step forward in IMG’s long-term growth strategy. This is a powerful affirmation of the strong momentum behind our business and another step towards our vision of being the preeminent provider of travel and health safety solutions around the globe.”
This acquisition follows the recent purchase of Assist America, a leading provider of global emergency travel assistance services, which added approximately $20 million in annual assistance revenue to the portfolio. Together, the World Nomads and Assist America deals illustrate a pattern of high-value growth. This sequence of strategic acquisitions successfully transitions IMG from a focus on emergency assistance expertise to a comprehensive ecosystem of global insurance distribution.
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 travellers, 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 travellers by offering specialized travel insurance and safety advice. World Nomads travel insurance products cover travellers from more than 100 countries. Focused on what matters most to explorers, the company provides essential protection for emergency medical and evacuation costs, baggage, trip cancellation, and interruption. Through its "Footprints" program, World Nomads also empowers travellers to fund community development projects with global nonprofit partners.
