With the completion of its acquisition of Cover-More, Zurich becomes one of the top three travel insurance providers, significantly expanding its travel insurance portfolio.
“Travel insurance is a fast-growing industry and Cover-More is a recognised leader in this sector,” said Giovanni Giuliani, group chief strategy, innovation and business development officer.
“The innovation and capabilities this acquisition brings to Zurich are as important as the new products and services it adds to our portfolio.“
Mike Emmett, group chief executive officer, Cover-More Group, said “The acquisition by Zurich, gives our business the ability to pursue our global growth ambitions with the strong backing of Zurich’s brand, reputation and global footprint.“
Cover-More will continue to operate as a separate entity and will retain its brand.