Ignyte Insurance Acquires InsureMyTrip
Acquisition adds trusted
The acquisition further advances Ignyte's strategy to build a dynamic global portfolio of travel and travel medical insurance businesses. InsureMyTrip joins five established Ignyte travel brands serving customers across the
Founded in 2000 and headquartered in
"Travel is an important and growing part of Ignyte's strategy, and we have been steadily building a portfolio of highly regarded businesses that serve travelers across markets around the world," said
The acquisition reflects Ignyte's continued conviction in the travel insurance sector, a large global market benefiting from growing consumer adoption and an increasingly digital purchasing experience. Travelers are seeking greater flexibility, simplicity and convenience when protecting their trips, creating opportunities for established digital brands that make it easier to understand, compare and purchase coverage.
InsureMyTrip has insured more than 6 million travelers and generated more than 100,000 customer reviews, with an average rating of 4.7 out of 5. The company has an industry-leading customer repeat rate, reflecting the loyalty it has built among travelers. Its marketplace enables consumers to quote, compare and purchase coverage across a broad range of travel needs, including trip cancellation, travel medical, evacuation, cruise, student travel and annual protection plans.
"InsureMyTrip was one of the early innovators in this space and has remained at the forefront of how consumers shop for travel insurance," McKernan added. "We acquire great businesses because we believe in what they have already built and see an opportunity to help them achieve even more. We are excited to welcome InsureMyTrip to the Ignyte family of brands and support the team as it continues to innovate, scale and serve travelers for years to come."
As part of Ignyte, InsureMyTrip will continue operating under its established brand and serving customers through its network of insurance carrier partners. Ignyte plans to continue investing in the business while providing access to additional capital, technology, digital capabilities and operational resources to support continued growth and scale.
Ignyte provides its portfolio companies with scalable capital, transformative technology and operational support designed to accelerate growth and innovation. Together, Ignyte businesses manage more than
For more information about Ignyte Insurance, visit ignyteins.com.
About Ignyte Insurance
Ignyte Insurance is a specialty insurance platform focused on building and scaling high-performing specialty insurance brands in unique, niche markets. The company's core strategy centers on acquiring and growing specialized insurance businesses that offer differentiated products and exceptional customer service. Backed by a strong track record of innovation and disciplined growth, Ignyte is committed to driving consistent underwriting performance, operational excellence and long-term value creation. With more than
About InsureMyTrip
InsureMyTrip is a leading travel insurance marketplace dedicated to helping travelers find the right coverage for their individual needs. For more than 25 years, InsureMyTrip has helped consumers research, compare and purchase travel insurance plans from a network of trusted insurance providers. Through its technology, data intelligence and customer-focused approach, InsureMyTrip empowers travelers to make informed insurance decisions and find coverage for a wide range of trips and travel needs. The company has insured more than 6 million travelers and is headquartered in Warwick, Rhode Island.
View original content to download multimedia:https://www.prnewswire.com/news-releases/ignyte-insurance-acquires-insuremytrip-302866758.html
SOURCE Ignyte Insurance
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Adecoagro Completes Acquisition of Caarapó Mill and Integrates It Into Its Cluster in Mato Grosso do Sul
- Suzelle Snowden Started With One Class on the Beach 30 years ago, Now She's Running the World's Largest Fitness & Wellness Travel Empire Fit Bodies Inc and Just Signed Hyatt All Inclusive Collecti
- Nauticus Robotics, Inc. Announces Substantially Stronger Q3 Offshore Activity with Both ROV Systems Deployed
Create E-mail Alert Related Categories
PRNewswire, Press ReleasesRelated Entities
Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share