Independent company Direct Travel Insurance Services has been taken over by AIG Europe for an undisclosed sum.
The business has been acquired by a wholly owned subsidiary of AIG Europe (UK), now named Direct Travel Insurance Services.
The company will remain in Shoreham by Sea and will continue to trade under the Direct Travel Insurance brand.
Current managing partner Mark Shaw will remain with the new company in the role of managing director.
AIG Europe managing director Dan Glaser said: “Direct Travel Insurance Services is a highly successful business known for excellent customer service and competitively priced, comprehensive cover.
“This acquisition supports AIG Europe’s existing position in the UK travel insurance market and provides a further outlet for our underwriting, claims management and distribution skills.”
Shaw said: “DTIS will undoubtedly benefit from AIG’s insurance knowledge and experience as we continue to enhance the quality of products and level of service we offer our customers.”
by Phil Davies
