The senior management team of Blue Insurance has sold the company to Cover-More Group Limited, a Zurich Group company. Financial details have not been disclosed.
Established in 2033, Blue is an Irish-owned insurance intermediary authorized by the Central Bank of Ireland. It is a leading supplier of innovative insurance products, such as travel, niche, motor and home, indirect and direct to consumers in both local and international markets through multiple brands, which include Blue Insurance, multitrip.com, economycover.com, backpackertravelinsurance.com, gadgetinsurance.com, petinsurance.ie and carhireexcess.com.
Headquartered in Australia, Cover-More Group is a global travel insurance and medical assistance provider. The group was acquired by Zurich Insurance Group in April 2017.
Oaklins’ team in Ireland advised the seller in this transaction.