Cover-More - M&A Summary, Ownership, and Business Overview

InsuranceCompany

Cover-More M&A Summary

Cover-More has acquired 1 company of its own. A total of 1 acquisition came from private equity firms. It has also divested 1 asset.

The Company’s most targeted sectors include insurance (100%).

Cover-More Ownership

Who owns Cover-More?

Cover-More is owned by Zurich Insurance Group AG. It was acquired on April 13, 2017.

Was Cover-More formerly PE-backed?

Yes. Cover-More was formerly owned by 1 private investor.

Cover-More Business Overview

Where is Cover-More headquartered?

Cover-More is headquartered in North Sydney, Australia.

What sector is Cover-More in?

Cover-More is an insurance company.

When was Cover-More founded?

Cover-More was founded in 1986.

M&A Summary

  • M&A Total Activity2
    • M&A Buy Activity1
    • M&A Sell Activity1
  • Total Sectors Invested 1
  • Total Countries Invested 1
  • M&A Buy/Sell Connections 2

Cover-More, Inc.

60 Miller St,
North Sydney, NSW 2060
Australia,
+61 13 0072 8822
www.covermore.com

Cover-More, Inc. is a global specialist and integrated travel insurance, medical assistance, and employee assistance provider. Cover-More has strong market positions in Australia, India and the USA where the group owns Travelex Insurance Services. In addition, Cover-More has a presence in China, Indonesia, Malaysia, New Zealand, and the United Kingdom. Cover-More has diversified distribution across retail travel, aviation, financial institutions and direct which is underpinned by optimization technology.


M&A Summary

Buy vs Sell

Year ≤ '17 '18 '19 '20 '21 '22 T
Buy (0.0/yr) # 1 - - - - - 1
Sell (0.2/yr) # - - - - - 1 1
  2

Most Recent M&A

Company Date Value Type
Benestar Group Pty Ltd. 2022-08-11 - Divestiture
Sydney, Australia · www.benestar.com
Halo Insurance Services Ltd. 2017-03-01 - Add-on Acquisition
Uxbridge, United Kingdom · www.icarhireinsurance.com
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Insurance 1 (100%) - - -
Healthcare Services - - 1 (100%) -
Total 1 - 1 -

By Geo

State/Country Buy Value Sell Value
Australia - - 1 -
United Kingdom 1 - - -
Domestic - - 1 (100%) -
Cross-border 1 (100%) - - -
Total 1 - 1 -

M&A Connections

Deals
Acquired from
Investor(s)
100%
1 (100%)
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Insurance

Revenue

203   2014
(millions of AUD)

Established

1986

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