Cover-More Group, the specialist travel insurance and assistance solutions business of Zurich Insurance Group, has announced further expansion into Latin America with the purchase of the Travel Ace and Universal Assistance brands. Encompassing 19 legal entities based throughout Latin America, these new acquisitions will be the basis of Cover-More’s regional hub; they will continue to operate under their respective established brand names.
“Cover-More’s customer offering is underpinned by proprietary technology, a strong culture of traveller assistance and a global servicing capability,” said Mike Emmett, CEO of Cover-More. “This transaction gives us immediate access to new customers and scale across Latin America, which is among the fastest growing travel insurance and assistance markets worldwide. It will also enable us to better support our customers travelling to Latin America.”