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Cover-More acquires Travelex

TRAVEL Insurance provider, Cover-More Group, has announced the 100% acquisition of Travelex Insurance Services for US$105 million (AU$138m). The purchase will see Cover-More and Travelex's operations and capabilities combined, which will remove the duplicated costs in Cover-More's existing US start-up; reduce operating costs to support Cover-More customers in North America and leverage Cover-More's medical assistance initiative in other geographies. "Travelex Insurance Services is the third largest retail travel insurance specialist provider in the USA, which will accelerate Cover-More's entry into ...

The above snippet is the first part of an article sent to subscribers in Travel Daily's issue from 27 Sep 16

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