The company, which has been a Zurich subsidiary since 2017, stated that the expansion will ‘bring opportunities for long-time partners, new partnerships and consumers’.
The expansion will see the opening of an office in Toronto, charged with managing full operations in the country, including claims administration and travel assistance.
“We’re bridging a gap for our current partners that have operations in Canada with more opportunities for Travelex products and services,” said Shannon Lofdahl, President and CEO at Travelex. “Our expansion into Canada gives us the opportunity to serve travellers throughout North America, whether they book travel insurance through a travel professional, tour operator or our website.”
Berkshire Hathaway Travel Protection (BHTP) recently announced an underwriting partnership with travel insurer soNomad as part of its own growing ambitions in Canada.