Ignyte Insurance has announced the acquisition of InsureMyTrip, a prominent US travel insurance marketplace, enhancing its global portfolio of travel brands.

InsureMyTrip, founded in 2000 and based in Warwick, Rhode Island, has been a pioneer in the online travel insurance sector, assisting over 6 million travellers in comparing and purchasing coverage from trusted providers.

The acquisition aligns with Ignyte's strategy to expand its dynamic portfolio of travel and travel medical insurance businesses. InsureMyTrip will join Ignyte's existing brands, including ISO Student Health Insurance, Envisage Global Insurance, AllClear, InsureandGo, and International Student Insurance, which serve customers in the US and international markets.

Geof McKernan, CEO of Ignyte Insurance, stated, "InsureMyTrip is a natural addition to our portfolio. It has tremendous brand equity, longstanding carrier relationships, and a loyal and growing customer base built over 25 years. We see significant opportunity to invest behind that foundation and bring Ignyte's resources and capabilities to bear to help the business accelerate its next stage of growth."

InsureMyTrip's platform allows consumers to quote, compare, and purchase coverage for various travel needs, including trip cancellation, travel medical evacuation, and student travel. The company boasts an industry-leading customer repeat rate and an average customer review rating of 4.7 out of 5.

As part of Ignyte, InsureMyTrip will continue to operate under its established brand, leveraging Ignyte's capital, technology, and operational resources to support further growth. Ignyte's businesses manage over $650 million in premiums and serve millions of customers worldwide, with operations spanning the US, UK, Europe, and Australia.

This story was selected and published by a human editor, with content adapted from original press material using AI tools. Spot an error? Report it here.