NSM Insurance Group, which is an international speciality insurance provider based in the US, has signed an agreement to buy UK-based InsurEVO, which operates AllClear Travel insurance and InsureandGo. The deal is subject to regulatory approval.

Chris Rolland, group CEO of AllClear and InsureandGo, said: "We're absolutely thrilled to join forces with NSM to help us continue to grow and scale the business. Over the last two decades, our dedicated and talented team has helped us grow into the force we are today, and we look forward to extending that growth with NSM."

Geof McKernan, CEO and founder of NSM Insurance Group, added: “Chris has done a tremendous job growing both brands and leading process and technological change while maintaining strong growth. Together, we will drive continued innovation to deliver exceptional value to our clients and expand our global presence.”