SiriusPoint’s IMG names Steve Paraboschi as new chief exec

Steve Paraboschi has been named chief executive officer of Indianapolis-based International Medical Group (IMG), owned by Bermuda’s SiriusPoint, taking the reins from Brian Barwick who moves to an advisory role.

Paraboschi joined the medical and travel insurance company in 2017 as executive vice president from AXA Assistance USA where he served as the chief executive officer. He was named as IMG president in January 2020. He has previously held senior roles at Metlife and Bankers Trust.

Executive advisor Barwick said: “Steve has been instrumental in steering IMG to adapt to the changing insurance environment while remaining committed to driving strategic growth.

“Steve’s deep understanding of the international insurance and assistance industries together with his leadership skills make him the perfect person to lead IMG into the future.”

Prashanth Gangu, chief operating officer and president of insurance & services at IMG-parent SiriusPoint, said: “As an innovative, fast growing, tech-enabled MGA that holds wide competitive advantages, IMG is a core part of SiriusPoint's value proposition and a key element to our long-term success.

“I am excited about what Steve and his team can achieve, backed by SiriusPoint, and building on the superb job Brian has done to grow IMG into an international leader in the international medical insurance, global assistance, and travel insurance space.”

Paraboschi said: “It’s a tremendous honour to take on the role of chief executive at IMG and I’m grateful to Brian and Prashanth for the trust and faith they have shown in me to lead the company forward.

“During my tenure at IMG, we’ve generated significant momentum in the marketplace, and I look forward to accelerating this growth in the coming years with a continued focus on ‘Being There’ for our members, clients, producers, and employees.”