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Cover-More Group is a global travel insurance, medical and security assistance provider headquartered in Sydney, Australia. The group was acquired by Zurich Insurance Group in April 2017. [1] The group also has leading market positions in Ireland, Latin America, New Zealand and the USA where Cover-More owns Travelex Insurance Services.
On 31 December 2019, Travelex took its UK and international websites and mobile apps offline following a reported cyber incident [17] an action that also affected a number of large corporate third parties to whom Travelex provided a white-labelled travel money service [17] including the online travel money services of supermarket chains such as ASDA, Tesco and Sainsbury's, of which Travelex ...
Travelex also provides forex services for customers of HSBC, Barclays, Virgin Money and the banking arms of British retailers Tesco and Sainsbury. Travelex restoring some electronic services after ...
Travel insurance is an insurance product for covering unforeseen losses incurred while travelling, either internationally or domestically. Basic policies generally only cover emergency medical expenses while overseas, while comprehensive policies typically include coverage for trip cancellation, lost luggage , flight delays , public liability ...
Foreign exchange services were also available, including American Express traveller's cheques. The Co-operative Travel Cash Passport was issued by Travelex, and travel insurance was underwritten by White Horse Insurance Ireland. All flights and flight-inclusive holidays were financially protected by the ATOL scheme.
The £440m acquisition of Thomas Cook's Global & Financial Services business in March 2001 made Travelex the world's largest non-bank foreign exchange business. Dorfman began to develop the presence of the company in Asia, starting with Japan and spreading to India in 2003 and China in 2004.
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