Insurance company International Medical Group (IMG) has announced the appointment of Steve Paraboschi to the role of Chief Executive Officer.
He succeeds Brian Barwick, who will remain engaged with the company as an Executive Advisor.
Paraboschi brings over 25 years of experience across the financial services industry, having joined IMG in 2017 as Executive Vice President before being named President in January 2020.
He came to IMG from AXA Assistance USA, where he served as the Chief Executive Officer, managing the P&L, driving alignment to global strategies, and developing innovative product distribution models.
In addition to his new role, Paraboschi will continue to serve as President of IMG.
Barwick commented: “We are proud to recognise Steve for his hard work and dedication to IMG over the last several years.
“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 of IMG parent company, SiriusPoint said: “I am delighted to welcome Steve to the role of Chief Executive Officer of IMG.
“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. Steve brings a wealth of experience and with it a new chapter in IMG’s evolving story.”
Paraboschi added: “It’s a tremendous honor to take on the role of CEO 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.”
