InsureandGo
 | |
| InsureandGo | |
| Company type | Private limited company |
| Industry | Insurance |
| Founded | 2000, in Braintree, Essex, United Kingdom (2000) |
| Headquarters | , |
| Products | Travel insurance |
Number of employees | 132 (2024) |
| Parent |
|
| Website | www |
InsureandGo (officially known as Insure & Go Insurance Services Limited) is a British travel insurance company which is owned by NSM Insurance Group.[1] In addition to the United Kingdom, it also has operations in the Republic of Ireland and Australia.
History
[edit]InsureandGo was founded in 2000 in Braintree, Essex, United Kingdom, where they were based for the next six years.[2]
In November 2005, InsureandGo claimed to be one of the first companies to remove the terrorism exclusion clause from their policies.[3][4] The firm also said that they had led the travel insurance market in doing this and urged other companies to do the same.[5]
Due to the company's expansion, InsureandGo relocated to new offices in Southend-on-Sea in 2006. It had bought Southend-based Travel Claims Services in September of the previous year.[6][7][8]
In December 2006, InsureandGo hired chartered accountants BDO Stoy Hayward to explore its options, including the possibility of selling the company for a reported £100 million.[9][10]
After being acquired by Spain's Mapfre for an undisclosed sum in October 2010,[11] it became a subsidiary controlled by one of its companies, Mapfre Asistencia Compañia Internacional de Seguros y Reaseguros Sociedad Anonima.[12] In November 2015, it was announced that InsureandGo would be relocating most of its UK operations to Bristol, including the claims team and finance department.
In September 2021 InsureandGo was purchased by AllClear Travel Insurance,[13][14][15] following Mapfre Asistencia’s withdrawal from the UK Travel Insurance market. In November, it entered a new underwriter relationship with Zurich PLC[16]
Being controlled through IES Limited[17] after being sold to AllClear, it has been based solely in the Southend office. However, on August 16, 2024, NSM Insurance Group announced that it had completed the purchase of AllClear and InsureandGo.
References
[edit]- ^ "NSM Insurance Group Completes Acquisition of AllClear and InsureandGo". PR Newswire. Retrieved 29 October 2024.
- ^ "From fags to riches". Post Online. 18 May 2006.
- ^ "Travellers face security crackdown". The Daily Telegraph. 12 November 2005.
- ^ "Insurance firm scraps terrorism exclusion". Good Access Guide. 9 November 2005.
- ^ "InsureandGo Leads Travel Insurance Market With Policies Free From Terrorism Exclusion". PR Newswire. 14 March 2006.
- ^ "300 new jobs for Southend". Daily Gazette. 31 May 2006.
- ^ "Braintree: 140 jobs go as business leaves town". Daily Gazette. 29 May 2006.
- ^ "Call centre to create 300 new jobs". Braintree and Witham Times. 7 October 2006.
- ^ "InsureandGo founders mull £100m sale". The Independent. 10 December 2006.
- ^ "£100m sale possible for Insure and Go". Business Sale Report. 11 December 2006.
- ^ "Mapfre swoops for Insure & Go". Post Online. 1 November 2010.
- ^ "About us". InsureandGo UK.
- ^ Ruel2021-09-01T14:45:00+01:00, Clare. "AllClear Travel Insurance buys Mapfre's InsureandGo amid plans for 'significant growth'". Insurance Times. Retrieved 9 May 2024.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ "AllClear Travel Insurance buys InsureandGo - Insurance Age". www.insuranceage.co.uk. 1 September 2021. Retrieved 9 May 2024.
- ^ "AllClear Travel Insurance acquires InsureandGo". TravelMole. Retrieved 9 May 2024.
- ^ Scott2021-11-01T08:30:00+00:00, Katie. "Zurich agrees five-year capacity deal with travel insurer". Insurance Times. Retrieved 9 May 2024.
{{cite web}}: CS1 maint: numeric names: authors list (link) - ^ https://www.fsc.gi/regulated-entity/ies-limited-25393 [bare URL]