Symetra Financial, Bellevue, Wash., has announced a definitive agreement to acquire Medical Risk Managers, Inc. (MRM) of South Windsor, Conn. The deal is expected to close by the end of second quarter 2007 and be accretive to earnings during the first twelve months. Terms of the transaction were not disclosed.

Symetra provides employee benefits, retirement plans, annuities and life insurance, and is an industry leader in medical stop loss coverage designed for employers that self-insure their group health plans. Stop loss helps employers protect self-funded health care plans against large potentially catastrophic claims, which reduces their overall risk exposure.

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