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Cover-More Group Acquires UK-Irish Broker Blue Insurance

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Zurich in July 2018 acquired Blue Insurance, a travel insurance intermediary in the U.K. and Irish markets. The acquisition was made through Zurich’s Cover-More subsidiary, which provides travel insurance and medical assistance services, for an estimated €70 million.

Blue Insurance offers direct-to-consumer travel insurance distribution capabilities through online brands in the U.K. and Ireland.

Blue Insurance will be part of Cover More’s Europe and UK business, led by Judith Crompton, Chief Executive for EMEA. Ciaran Mulligan, Co-founder and Managing Director, Blue Insurance, and his executive team will stay with the company.

Based in Sydney, Australia, Cover-More was acquired by Zurich in April 2017, has operations in 21 countries, and is now estimated to be the third largest travel insurance provider in the world. The acquisition follows Cover-More’s recent expansion into Latin America.

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