Disruptive Investment Group adds travel insurance offering to holiday websites

Disruptive Investment Group (ASX: DVI), formally Allied Consolidated (ASX: ABQ) has signed an agreement with The Hollard Insurance Company to cross-sell Hollard’s travel insurance products from DVI’s travel websites.

Hollard is a global company with over 7.2 million policy holders and $2.2 billion in Gross Written Premium.

The proposed arrangement will provide Disruptive with a white label solution that includes the relevant financial services licensing, training and products.

This agreement further delivers on DVI’s stated strategy of becoming a “one stop shop” for travellers.

The company owns the travel websites www.checkin.com.au, www.CheapHotels.com.au and is in the process of acquiring www.EscapeLounge.com.au which provides a booking service for Australian travel tours and adventures.

Notably, the Escape Lounge founders agreed to accept an ‘all scrip’ consideration for a 50% stake, and terms of the acquisition also include a 24 month option for DVI to acquire the remaining 50% for cash and DVI options.

DVI is capitalised at around $9 million and appears destined for growth.

 

http://www.proactiveinvestors.co.uk/companies/news/135380/disruptive-investment-group-adds-travel-insurance-offering-to-holiday-websites-54066.html

 

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