NSM Insurance Group Acquires Two Leading U.K. Travel Insurance Brands

NSM will help the brands grow by expanding their distribution channels, further enhancing their technology platforms and expanding their global market reach.

(Image source: NSM Insurance Group homepage.)

NSM Insurance Group (Conshohocken, Pa.), a global specialty insurance provider with more than $1.6B in premium across 25+ niche insurance programs, has announced that it has signed a definitive agreement to buy InsurEVO. Based in the U.K. (Romford, Essex), InsurEVO is a specialist personal lines travel MGA with more than three million customers and operates AllClear Travel insurance and InsureandGo—two of the most trusted and dominant travel insurance brands in the U.K. The closing is subject to regulatory approvals and other customary closing conditions.

Geof McKernan, CEO, NSM.

“Today marks an exciting new chapter for AllClear and InsureandGo,” comments Geof McKernan, CEO & Founder of NSM Insurance Group. “We are delighted to welcome these renowned brands to the NSM family. Chris has done a tremendous job growing both brands and leading process and technological change while maintaining strong growth. Together, we will drive continued innovation to deliver exceptional value to our clients and expand our global presence.”

Since 2000, millions of customers have relied on AllClear and InsureandGo for their travel insurance needs, an NSM statement notes. These travel brands are committed to providing a seamless and effortless insurance journey for customers while maintaining award-winning customer service. Through their digital platforms, the brands have deployed leading-edge technology to achieve their number one priority of delivering the best possible experience for the customer, according to the statement.

Chris Rolland, Group CEO of AllClear and InsureandGo.

Expanding Global Market Reach

“We’re absolutely thrilled to join forces with NSM to help us continue to grow and scale the business,” comments Chris Rolland, Group CEO of AllClear and InsureandGo. “Over the last two decades, our dedicated and talented team has helped us grow into the force we are today, and we look forward to extending that growth with NSM. NSM has the prowess and proven track record to help our business grow by expanding our distribution channels—further enhancing our technology platforms and expanding our global market reach. We are confident that NSM will help lead us to a bright future filled with growth, development and success.”

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Anthony R. O’Donnell // Anthony O'Donnell is Executive Editor of Insurance Innovation Reporter. For nearly two decades, he has been an observer and commentator on the use of information technology in the insurance industry, following industry trends and writing about the use of IT across all sectors of the insurance industry. He can be reached at AnthODonnell@IIReporter.com or (503) 936-2803.

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