Symetra Financial Corp. today announced it has agreed to acquire Medical Risk Managers Inc., South Windsor, Conn.
Symetra, Bellevue, Wash., says it expects to close the deal by the end of the second quarter. It did not disclose terms of the transaction.
MRM is a managing general underwriter and health care network consulting firm specializing in the stop-loss market. Symetra says the acquisition will strengthen its stop-loss portfolio and increase penetration in the employee benefits market.