Great American Insurance Group has acquired Radion Health, Inc., enhancing its healthcare offerings for small and midsize businesses.

Information on the Target

Great American Insurance Group has officially announced the acquisition of Radion Health, Inc. (Radion), a managing general underwriter (MGU) that specializes in providing healthcare coverage specifically designed for small and midsize businesses. Radion has been operating as the exclusive MGU for Great American’s medical stop-loss product since its inception in 2022.

Under the acquisition, Radion will maintain its current leadership, which boasts extensive expertise in the small group health sector. This includes crucial areas such as product development, compliance, operations, and underwriting strategies aimed at meeting the distinct needs of small employers.

Industry Overview

The healthcare insurance industry in the United States has been evolving, especially as it pertains to small and midsize businesses. This demographic often faces unique challenges when it comes to providing affordable health