Just Travel Cover expands with acquisition | North East Deals News

Sunderland-based insurance coverage dealer Simply Journey Cowl has snapped up a journey insurance coverage and scheme specialist enterprise, because it continues to drive ahead its development plans.

The leisure journey insurance coverage dealer has acquired Alpha Underwriting from CPP Safe Restricted.

The deal follows a robust 12 months for Simply Journey Cowl as worldwide journey restrictions had been eased, with the enterprise reporting a 51 per cent development in insurance policies offered this calendar 12 months, towards pre-Covid ranges.

The expansion implies that the corporate, which has employed a variety of new employees to maintain up with demand, is on monitor for its greatest ever 12 months.

Following the acquisition of Alpha Underwriting, the corporate will look to develop new merchandise and boosts its partnerships division.

Daley Gore, director at Simply Journey Cowl, mentioned: “That is an thrilling acquisition for Simply Journey Cowl as we proceed to develop this space of our enterprise, as a part of our wider development technique. It has been pleasing to recruit new employees too, as we proceed to develop in step with a rise in demand for holidays and journey insurance coverage.”

The deal follows Simply Journey Cowl’s launch of Sensible Baggage, which is a parametric insurance coverage product for delayed and misplaced baggage and gives a real-time payout in case your baggage doesn’t arrive whenever you get on vacation.