CORPORATE HISTORY

The history of International Medical Group, Inc.sm (IMG) is quite unique. Jeff Brougher, IMG's current Chairman, was founder and inventor of stop-loss medical plans as we know them today. Jeff Brougher has been in the insurance industry since 1955 and began selling stop-loss insurance in 1976. In 1982 Jeff formed the Brougher Insurance Group (B.I.G.) in Indianapolis and eventually became the largest writer of stop-loss medical insurance in the U.S. for several years. In addition to this, Jeff formed a MEGA TREATY which placed hundreds of millions of dollars in stop-loss medical with several of the largest reinsurers worldwide.

In 1989, Jeff sold B.I.G. to the Swedish insurance company, WASA Group of Sweden, who held a prior reinsurance relationship with B.I.G. before their acquisition. During the sale of B.I.G. (which resulted in the creation of WASA North America) a subsidiary company of the Brougher Insurance Group titled IMNI (which functioned mainly as a Research and Development Firm) was included in the transaction. A few weeks after WASA's acquisition Jeff purchased IMNI back from WASA with the hopes of marketing insurance products internationally. IMNI was then renamed IMG and began selling travel medical insurance worldwide.

SIRIUS International is a wholly owned subsidiary of ABB Financial Services within the ABB Asea Brown Boveri Group. ABB is a global US$35 billion engineering Group with more than 214,000 employees worldwide and 1996 net income of over US$1.2 billion.

Sirius International has a policyholders’ surplus of US$900 million and is rated A+ by Standard and Poor’s for claims-paying ability. Its focus on international business resulted in 1996 revenues of over US$400 million and net income of more than US$70 million. SIRIUS International offers the financial strength and reputation demanded by todays international consumers.