SiriusPoint Ltd. announced that its subsidiary Sirius International UK Holdings II Ltd entered into a Share and Asset Sale Deed with nib Travel Pty Ltd to acquire the World Nomads travel insurance business, with an initial closing expected in Q2 or Q3 2026 and final closing in H2 2027, subject to regulatory approvals. The acquisition expands IMG's global travel insurance capabilities, adding approximately $40 million in gross written premium.
Key takeaways
Sirius International UK Holdings II Ltd (SIUK II), subsidiary of SiriusPoint Ltd., entered Share and Asset Sale Deed with nib Travel Pty Ltd on February 12, 2026.
SIUK II to purchase equity interests and assets comprising World Nomads travel insurance business from nib.
World Nomads generates approximately $40 million of gross written premium.
IMG, SiriusPoint's wholly owned subsidiary, to acquire World Nomads.
Initial closing expected Q2 or Q3 2026; final closing H2 2027, subject to regulatory approvals.
Acquisitions of World Nomads and Assist America accretive to return on equity and EPS per SiriusPoint CEO.