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Cover-More surges

SHARES in Cover-More Travel Insurance jumped more than 13% yesterday after the company announced it had finalised a new underwriting arrangement. The fresh deal changes the model for underwriter payments effective 01 Jul, as well as giving the company the option to appoint other underwriters who are “able to align their growth ambitions with those of the group,” the company said. Cover-More said it expects to commence a relationship with a new underwriting partner no later than 01 Jan 2017.

The above snippet is the first part of an article sent to subscribers in Travel Daily's issue from 07 Jul 16

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