News
Symetra Completes Acquisition of Medical Risk Managers
Bellevue, Wash. — (May 4, 2007) — Symetra Financial announced today it has completed the acquisition of Medical Risk Managers Holdings, Inc. (MRM) and affiliated businesses. The deal closed effective May 1, 2007. Terms of the transaction were not disclosed.
Click here for additional information regarding the acquisition.
About Symetra Financial
Symetra Financial is a family of companies with nearly a half-century of experience providing retirement plans, employee benefits, annuities and life insurance through independent advisors and agents nationwide. The company has more than $20 billion in assets
1 and is owned by an investor group led by White Mountains Insurance Group Ltd. and Berkshire Hathaway Inc. For more information, visit Symetra Financial’s website at
www.symetra.com.
About Medical Risk Managers
Medical Risk Managers (MRM) is a full service managing general underwriting and consulting firm specializing in group stop loss insurance. The company’s mission is to provide reliable protection against excessive medical claims. MRM currently underwrites stop loss insurance on well over one million people with annualized stop loss premiums in excess of $100 million. The company has profitably underwritten almost $2 billion in stop loss throughout its history. To learn more about MRM visit
www.mrm-mgu.com.
1 Total GAAP assets per closing statements of Symetra Life Insurance Co., December 31, 2006.
Symetra® and the Symetra Financial logo are registered service marks of Symetra Life Insurance Company, 777 108th Avenue NE, Suite 1200, Bellevue, WA 98004.
