Staysure Group has announced the acquisition of ROCK Insurance group, a “leading” travel insurance brand.
ROCK Insurance, 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.
As part of the acquisition, it will continue to be managed as a standalone business under the leadership of managing director, Antony Martin, from its offices in Crawley.
According to Staysure, the deal will further extend the group’s footprint, alongside its 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 four million.
Ryan Howsam, founder and group CEO of Staysure, 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, added: “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.”