10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
    • CSR and Sustainability
    • Events
    • Hotel Openings
    • Hotel Operations
    • Human Resources
    • Innovation
    • Market Trends
    • Marketing
    • Mergers & Acquisitions
    • Regulatory and Legal Affairs
    • Revenue Management
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
    • 🇫🇷 French
    • 🇩🇪 German
    • 🇮🇹 Italian
    • 🇪🇸 Spain
  • 📰 Columns
  • About us

Zurich acquires AIG’s global personal…

  • Travel Weekly Group Ltd
  • 4 December 2024
  • 1 minute read
Total
0
Shares
0
0
0

This article was written by Travolution. Click here to read the original article

image

Zurich Insurance Group (Zurich) has successfully acquired AIG’s global personal travel insurance and assistance business, including Travel Guard, for US$600 million, plus a potential earn-out payment. 

The transaction makes Zurich one of the largest travel insurers globally. 

“This acquisition significantly boosts our travel insurance capabilities and amplifies our global footprint,” said Cara Morton, CEO Zurich Global Ventures. 

“By welcoming Travel Guard into Zurich Cover-More, we aim to deliver unmatched services and protection to our customers worldwide that go beyond traditional travel insurance and assistance. 

Travel Guard is combined with Zurich’s travel insurance provider, Cover-More Group, under the new corporate brand Zurich Cover-More. 

Zurich Cover-More’s subsidiaries, including Travel Guard, Travelex Insurance, CoverMore Travel Insurance, World Travel Protection, Blue Insurance, and Universal Assistance, will continue to operate under their brands in their local markets. 

Zurich Cover-More will establish its new headquarters in the US under the leadership of Chief Executive Officer David Fike and have regional units in Latin America, North America, Asia Pacific, as well as Europe, Middle East and Africa (EMEA). 

This acquisition expands Zurich’s footprint in a global market worth about US$20 billion in gross written premiums and significantly strengthens its presence in the US market. 

Zurich now serves more than 20 million customers annually and maintains long-term relationships with more than 200 distribution partners. 

Menu Directions, mushrooms, and Pizza Hut’s new items
Trending
Menu Directions, mushrooms, and Pizza Hut’s new items

The transaction has impacted Zurich’s Swiss Solvency Test (SST) ratio by 5 percentage points. 

Please click here to access the full original article.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
You should like too
View Post
  • Mergers & Acquisitions

DoveHill Acquires White Barn Inn

  • LODGING Staff
  • 25 August 2025
View Post
  • Mergers & Acquisitions

Is Ennismore about to go public?

  • m.welsch
  • 25 August 2025
View Post
  • Mergers & Acquisitions

Hunter Hotel Advisors Arranges Sale of Home2 Suites by Hilton Wayne

  • LODGING Staff
  • 22 August 2025
View Post
  • Mergers & Acquisitions

HREC Facilitates Sale of Hampton Inn Denver-International Airport

  • Colin Tessier
  • 22 August 2025
View Post
  • Mergers & Acquisitions

Marcus & Millichap Facilitates Sale of Best Western Plus Royal Mountain Inn & Suites

  • LODGING Staff
  • 21 August 2025
View Post
  • Mergers & Acquisitions

Rocco Forte finds new capital partner to expand in Europe, Middle East

  • Denis Stackeusky
  • 21 August 2025
View Post
  • Mergers & Acquisitions

1912 Hotels St Pauls Ltd makes first UK acquisition

  • Cynera Rodricks
  • 21 August 2025
View Post
  • Mergers & Acquisitions

Hyatt Regency Denver Announces Full Guestroom Renovation

  • LODGING Staff
  • 20 August 2025
Sponsored Posts
  • 2025 SOCIETIES Quaterly 3

    View Post
  • The Future of Revenue Management Is Strategic Leadership – LodgIQ

    View Post
  • Case Study: Refinery Hotel Redefines Revenue Management with LodgIQ

    View Post
Last Posts
  • CBRE Survey Finds Slight Decline in U.S. Cap Rates
    • 25 August 2025
  • More Than a Motto: Red Roof President Zack Gharib Delivers on ‘Genuine Relationships, Real Results’
    • 25 August 2025
  • Almost a third of Walmart’s profit now comes from selling ads
    • 25 August 2025
  • ECHO Suites Extended Stay by Wyndham Reno Opens
    • 25 August 2025
  • Why Starbucks’ Store Strategy is a Masterclass in Experience-Driven Innovation
    • 25 August 2025
Sponsors
  • 2025 SOCIETIES Quaterly 3
  • The Future of Revenue Management Is Strategic Leadership – LodgIQ
  • Case Study: Refinery Hotel Redefines Revenue Management with LodgIQ
Contact informations

contact@10minutes.news

Advertise with us
Contact Marjolaine to learn more: marjolaine@wearepragmatik.com
Press release
pr@10minutes.news
10 Minutes News for Hoteliers 10 Minutes News for Hoteliers
  • Top News
  • Posts
  • 🎙️ Podcast
  • 👉 Sign-up
  • 🌎 Languages
  • 📰 Columns
  • About us
Discover the best of international hotel news. Categorized, and sign-up to the newsletter

Input your search keywords and press Enter.