Deals: Staysure Buys Rock Insurance Group

Staysure Group has announced its acquisition of ROCK Insurance Group, a leading travel insurance white labelling and partnerships business. It is set to be a mutually beneficial business decision that will expand the group’s customer base and allow Staysure Group access to sell ROCK’s innovative products and services.

The deal will further extend Staysure Group’s footprint, alongside the recent acquisitions of Avanti travel insurance and PayingTooMuch.com – two companies that had doubled in size prior to the pandemic and will increase the Staysure Group’s customer base to over 4 million.

This strategic move into the B2B arena, will enhance Staysure Group’s product offering and technical capability, strengthening its position as the UK’s leading provider in the highly competitive travel insurance marketplace.

ROCK Insurance Group, which began trading in 2001, provides technology-led partnership solutions for a diverse selection of travel and financial services companies including Jet2, OnTheBeach and Tesco Bank, with a focus on travel, gadget and commercial insurance. It will continue to be managed as a standalone business under the leadership of Managing Director, Antony Martin from its offices in Crawley. ROCK Insurance Group has ambitious growth plans and has continued to expand a number of partnerships throughout the pandemic.

Ryan Howsam, Founder and Group CEO said: “Bringing our businesses together further strengthens our position as the market leader, and allows us to dominate across both B2B and B2C arenas offering quality innovative policies to a much wider range of consumers.   ROCK captures sections of the market which Staysure currently doesn’t operate in, so this new partnership continues to cement our strategic growth plans.  We’re extremely excited to be working with the ROCK team and exploring new opportunities to grow and expand our businesses together”

Antony Martin Managing Director of ROCK Insurance Group commented:

We are delighted to be joining the Staysure Group in a synergistic partnership that combines our knowledge and expertise. We have invested heavily in technology and growing our customer base but this strategic move will allow us to grow the business faster and increase market share. I will continue to run the company with my team but look forward to evolving it further in a partnership that all our customers will benefit from.”

About alastair walker 7043 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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