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In 1982 John M. Noel developed the Travel Guard product while he was working at Sentry Insurance. Soon, John purchased the rights to Travel Guard, [1] and by 1985, Travel Guard was operating out of the basement of its founder’s home. The company acquired Marathon Travel Shops in 1987. In 1991, French-based GMF acquired Travel Guard.
When the company was sold to AIG in 2006, [4] Travel Guard was producing nearly $250M in annual gross premium. Noel remained as Travel Guard's CEO until 2009, [5] exceeding revenue and profitability goals over the three years from the sale of the company to his departure. During that time, Noel also helped create an errors-and-omissions ...
In 2005, Mr. Greenberg retired as chairman and CEO of American International Group (AIG), a former Starr subsidiary, which became the first fully licensed foreign insurance company in China. [3] Starr owns Morefar Back O’Beyond, a private golf course located on 500 acres (2.0 km2) in both Danbury, Connecticut and Southeast, New York.
Travel insurance can help protect sunk vacation costs, but it's most helpful when trips go awry. WHEN TO BOOK: The best times to score flights, cruises, hotel rooms, rental cars and campsites
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