AllClear Travel Insurance has announces it has acquired InsureandGo from the global insurance company MAPFRE Asistencia - a move that will more than double the size of AllClear in the UK travel insurance market.
AllClear’s mission is centred on enabling individuals to obtain specialist travel insurance whatever their age or medical condition. The acquisition of InsureandGo will broaden and diversify the customer base of AllClear’s brands, whilst allowing InsureandGo customers to benefit from AllClear’s market-leading customer service, technology and expertise in managing risk for medical and health conditions – issues that will become even more important for travellers in the post-Covid travel market.
InsureandGo will join AllClear Gold, Tailor Made, Breeze and Black Travel Insurance as part of AllClear’s portfolio of UK brands. This deal marks a significant development for AllClear, backed by continued strong support from its growth investor, Synova.
As the travel insurance sector gears up for autumn and winter travellers, AllClear will make a further announcement on the acquisition in the weeks ahead - sharing details on how the new brands will work together to build a new, dynamic force in UK travel insurance.
Chris Rolland, CEO of AllClear Group said: “After an unprecedented period, quality, trust and safety are going to be the key issues that will re-define travel insurance going forward. We are well known as the travel insurance brand that specialises in making holidays safe and viable for anyone with a medical history, but with this acquisition we are also gearing up for significant growth over the next 18 months, using our knowledge and expertise to help people far beyond our traditional over-50s market.
We are delighted to welcome InsureandGo into our family of brands – it is a business we have admired for many years. This has been a very natural deal after working in partnership for the past ten years with MAPFRE, one of the most successful Insurers in Europe. The opportunity to accelerate the growth of InsureandGo, with the backing, resources and expertise of AllClear, is both clear and compelling. Our brands will share learning and leverage expertise to further enhance the services the Group provides to its valued customer base as the market starts to build again.”
MAPFRE Asistencia Global CEO, Leire Jimenez added: “AllClear will provide a strong catalyst for the next stage of InsureandGo’s journey, as the strategic focus of MAPFRE moves to other ventures across our other international markets. Over the past few years we have partnered commercially with AllClear and have learned deeply about their business and ethos. As such, we are convinced that AllClear is the best possible future home for InsureandGo as a key brand in the UK travel sector, as well as for its customers and employees”.