Reinsurance News
travel insurance
SiriusPoint partners with travel insurtech Gigasure
4th September 2024
Global specialty re/insurer SiriusPoint has announced a new strategic partnership with travel insurtech Gigasure, which offers customisable insurance policies for travellers and backpackers. Policies will be underwritten by SiriusPoint, who becomes a distribution partner. IMG (International Medical Group, Inc.), a global insurance and assistance services company and subsidiary of SiriusPoint, will ... Read the full article
DUAL UK acquires International Passenger Protection
2nd September 2024
DUAL UK, part of the specialist underwriting arm of Howden Group, has announced its acquisition of International Passenger Protection (IPP) in both the UK and Malta, subject to regulatory approval. This acquisition strengthens DUAL UK's position as a key player in the Travel Financial Failure insurance market. Founded in 1990, IPP is ... Read the full article
AIG to sell its personal travel insurance & assistance business to Zurich
26th June 2024
Global insurer American International Group, Inc. (AIG) has entered into a definitive agreement with Zurich Insurance Group to sell the latter its global individual personal travel insurance and assistance business for $600 million in cash plus additional earn-out consideration. The sale is expected to close by the end of 2024, subject ... Read the full article
AXA and HK Express partnership to provide travellers hassle-free journeys
21st June 2024
AXA Hong Kong and Macau has entered into an exclusive partnership with HK Express Airways to offer tailored protection to enable HK Express customers enjoy hassle-free journeys. Kenneth Lai, Chief General Insurance Officer at AXA Hong Kong and Macau, said: “AXA has been actively expanding its insurance ecosystem and is committed ... Read the full article
OneBefore launches travel insurance product on Aneevo’s broker platform
12th April 2024
Specialist managing general agent (MGA) OneBefore has launched its travel insurance product, ‘Beyond Travel Insurance’ on Aneevo, the travel insurance broker distribution platform formerly known as Just Travel Cover wholesale. Beyond Travel Insurance will benefit UK residents as it offers comprehensive coverage for those travelling domestically and internationally, including cover for ... Read the full article
Blink Parametric strengthens partnership in Canada, adds one in Switzerland
26th January 2024
Blink Parametric has extended its partnership with Blue Cross, as it has secured a further three-year with the Canadian insurance provider. The Irish insurtech has also announced its partnership with Baloise, one of the largest Swiss all-industry insurance service providers for individuals and businesses. Blue Cross was the first to launch ... Read the full article
Capacity Insights launches in UK, offering disruptive insurance solutions for travel and consumer lines
8th June 2023
Capacity Insights, a new underwriting managing general agent (MGA), has entered the insurance market with a focus on transforming the travel and consumer lines sectors. Founded by industry veterans Phil Denman as CEO and Jessica Tubb as Commercial Director, the MGA aims to provide personalised underwriting solutions based on market insights, ... Read the full article
Munich Re Ventures backs $10m Series A funding round for travel insurer, Faye
24th May 2023
The venture capital arm of Munich Re Group has backed a $10 million Series A funding round for travel insurance start-up Faye. Munich Re Ventures led the round along with existing investors Viola Ventures and F2 Venture Capital. Additional investors include Menora Tech and Mike Nelson, former CEO of Global Travel ... Read the full article
Blink’s parametric travel delay cover protects 60,000+ travellers over holidays
4th January 2023
InsurTech Blink Parametric’s travel delay cover has protected over 60,000 travellers over the holidays throughout the recent travel chaos in the US. Travel chaos in the US caused by severe weather conditions has resulted in more than 11,000 flight cancellations across one week, as well as over 30,000 delays, leading to ... Read the full article
Blink Parametric enters Pakistan under new deal with Salaam Takaful
16th November 2022
Blink Parametric has announced that it has entered into an agreement which will see one of its flagship parametric products embedded across all Salaam Takaful Limited travel insurance policies. Recognised as one of the leading Takaful operators in Pakistan, Salaam Takaful Limited provides retail, travel and commercial insurance products, and has ... Read the full article
Arbol and Singlife with Aviva partner on parametric rainfall travel cover
31st August 2022
Arbol, a global climate risk solutions platform has partnered with Singapore-based insurer Singlife with Aviva to provide it a parametric rainfall insurance product for travellers. Singlife stated that it is the first insurer in Singapore to offer this innovative parametric insurance product designed to help consumers manage the impact of unexpected ... Read the full article
AXA Partners and DOA Underwriting enter partnership
25th July 2022
AXA Partners UK & Ireland is to underwrite a range of mass-market leisure Travel Insurance policies across the DOA Underwriting Ltd portfolio, as part of a new strategic partnership. The collaboration will enable more customers to access travel insurance via approximately 1,500 brokers and insurance intermediaries in niche market ... Read the full article
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