Zurich completes Australia Cover-More acquisition

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Cover-More provides travel insurance to over 2.2 million customers in Australia, China, India, Malaysia, New Zealand and the US. The group has a 40% share of the Australian travel insurance market and uses Great Lakes Australia as an underwriter. The A$741m acquisition was first announced in December. Zurich said it expected Cover-More to run as a standalone business within Zurich and keep the same brand. Mike Emmett, Cover-More group CEO, commented: “The acquisition by Zurich, gives our bu