NSM Insurance Group completes acquisition of InsurEVO (AllClear and InsureandGo) to strengthen global presence in travel insurance
May 29, 2024•about 1 year ago
Acquiring Company
NSM Insurance Group
Acquired Company
AllClear Travel insurance
Description
NSM Insurance Group, a global specialty insurance provider, has finalized the acquisition of InsurEVO, which includes AllClear and InsureandGo, two leading U.K. travel insurance brands. This strategic investment reinforces NSM's commitment to providing unparalleled travel insurance platforms and solutions to customers worldwide and expanding its global presence in the travel insurance space.
M&A Insights
Based on deal dataIntegration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed