Citybond to grow book alongside tour operator, travel agent and broker networks
Citybond Suretravel, a division of Citybond Holdings Plc, has acquired Aon Ltd’s wholesale travel insurance book of business with effect from 1st November 2007.
Citybond will continue to grow this book alongside its existing network of some 1,000 tour operators, travel agents and insurance brokers.
Citybond’s Managing Director, Mansukh Ganatra confirmed that Aon had built up a highly desirable portfolio of agents and that he was delighted with the acquisition.
He said: “We have grown to be the leading independent travel insurance provider in the UK now handling 1.5m insured passengers and £35m of gross written premiums per annum.”
Ben Holroyd-Doveton, Aon Personal & Group Programme’s Finance Director, said: “Once our decision to cease operating in the wholesale travel sector was made, Citybond, with their strong reputation in the industry, were the most suitable successors to handle our book.
"We are grateful to all our agents who have supported us over the years and have little doubt that Citybond will continue to serve them well.”
