NSM Insurance Group has completed its acquisition of UK-based InsurEVO and the travel brands it operates.
InsurEVO is a personal lines travel specialist that owns insurance firms AllClear and InsureandGo.
NSM said it would “bring the full power of its capacity, resources and technology to further grow these brands”.
“We are thrilled to officially welcome AllClear and InsureandGo to the NSM family,” said Geof McKernan, chief executive and founder at NSM.
“NSM is committed to the travel and student health insurance space and building out a robust portfolio of leading travel brands around the world.”
’Significant value’
AllClear and InsureandGo serve more than 3m customers and are both led by chief executive Chris Rolland.
“We are excited to partner with Chris Rolland to drive exceptional innovation and growth for AllClear and InsureandGo,” McKernan said.
“We have tremendous confidence in his ability to lead these businesses and capitalise on competitive advantages.”
Rolland added: “Joining forces with NSM will bring significant value to our business and our customers.
“NSM will enable us to expand our offerings and leading-edge technology platforms to achieve our number one priority — delivering the best possible experience for our customers to meet their unique needs and to provide peace of mind.”