International specialty insurance coverage supplier NSM Insurance coverage has agreed to buy InsurEVO, which has UK-based AllClear Journey Insurance coverage and InsureandGo beneath its umbrella.
The closing of the NSM deal for the UK journey insurance coverage manufacturers is topic to regulatory approvals and different customary situations.
Since 2000, tens of millions of UK customers have utilised AllClear and InsureandGo for his or her journey insurance coverage wants.
“Immediately marks an thrilling new chapter for AllClear and InsureandGo. We’re delighted to welcome these famend manufacturers to the NSM household,” mentioned Geof McKernan, CEO & founding father of NSM Insurance coverage Group.
“Chris has executed an amazing job rising each manufacturers and main course of and technological change whereas sustaining sturdy development. Collectively, we are going to drive continued innovation to ship distinctive worth to our shoppers and broaden our world presence.”
“We’re completely thrilled to hitch forces with NSM to assist us proceed to develop and scale the enterprise. During the last 20 years, our devoted and gifted workforce has helped us develop into the drive we’re at the moment, and we look ahead to extending that development with NSM,” mentioned Chris Rolland, group CEO of AllClear and InsureandGo.
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“NSM has the prowess and confirmed monitor report to assist our enterprise develop by increasing our distribution channels — additional enhancing our know-how platforms and increasing our world market attain. We’re assured that NSM will assist lead us to a vibrant future crammed with development, growth and success.”
Blink Parametric has prolonged its partnership with MAWDY Eire and rolled out its flight disruption answer to the MAWDY Eire InsureandGo model in January 2024.
Initially partnering in October 2023, Blink and MAWDY, a part of the Mapfre group, lined segments of the direct e-book of journey insurance coverage enterprise.
