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Friday, April 12, 2024

Voyager Insurance coverage purchases Navigator Journey Insurance coverage

Voyager Insurance coverage Companies has efficiently acquired journey insurance coverage dealer Navigator Journey Insurance coverage.

Navigator Journey Insurance coverage is thought for doing one thing totally different with journey insurance coverage, similar to protecting polo in Argentina, motorbiking within the US or for staff overseas.

After 20 years in enterprise, the homeowners of Navigator have determined to retire.

Voyager was established in 1996 to supply specialist journey insurance coverage merchandise for his or her purchasers.

As well as, it has supplied merchandise on a wholesale foundation for brokers and associates alongside a lot of merchandise for direct buy by the general public.

Navigator and Voyager have labored collectively for a few years on specialist merchandise and covers that clients had been searching for.

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Moreover, Voyager present Navigator with their on-line quote and purchase system, permitting them to supply quotes for his or her clients and supply accessible hyperlinks by way of which their clients might buy insurance policies.

Steve Cox, managing director of Voyager Insurance coverage Companies, said “The acquisition of Navigator Insurance coverage Companies is an thrilling improvement for Voyager Insurance coverage Companies and can assist us preserve our place on the forefront of journey insurance coverage resolution improvement. Many purchasers battle to seek out the suitable journey cowl to fulfill their particular wants and that is the place we are available, offering modern options and the suitable cowl for every area of interest requirement.”

Cox continued: “There are some constructive synergies between the 2 firms, given how intently now we have labored collectively through the years, so it made absolute sense for us to amass Navigator once we realized of Richard and Yvonne’s need to retire. The pair have labored tirelessly for his or her clients over the past twenty years, and we want them an pleasant retirement.”

Bolttech Insurance coverage, the Hong Kong unit of Singapore-based insurtech firm bolttech, has additionally launched a brand new journey insurance coverage providing.  

Referred to as MyTravel, the two-tier providing is out there solely by way of FWD’s on-line insurance coverage platform. 

Beneath the MyTravel superior plan, clients are reimbursed as much as HK$25,000 ($3,197) for modifications in journey dates or cancellations, capped at 50% of the general public transportation and lodging prices.  

Along with cancellation protection, MyTravel presents compensation for missed occasions because of illness or accidents.  

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