“This transaction significantly boosts our travel insurance capabilities and amplifies our global footprint,” said Cara Morton, CEO of Zurich Global Ventures. With the combined resources of Travel Guard, Travelex Insurance, Cover-More Travel Insurance, World Travel Protection, Blue Insurance, and Universal Assistance, Zurich Cover-More will continue to operate under its existing brand names in various markets.
Expanding Zurich’s Reach in the U.S. and Global Markets
Zurich’s strategic acquisition enables the company to further expand its reach in the global travel insurance market, which has gross written premiums totaling around $20 billion. This move not only enhances Zurich’s offerings in the U.S. but also bolsters its global footprint through its partnerships with airlines, global travel companies, banks, credit card providers, and major retailers.
The transaction positions Zurich as a key player in the travel insurance market, with the company serving more than 20 million clients annually through over 200 distribution partners worldwide.
