Ignyte Insurance Acquires Travel Insurance Marketplace InsureMyTrip
US-based Ignyte Insurance has acquired travel insurance marketplace InsureMyTrip, expanding its portfolio of travel-related businesses. Founded in 2000 and based in Warwick, Rhode Island, InsureMyTrip will retain its branding and continue to operate through existing carrier partnerships. Financial terms were not disclosed. Ignyte CEO Geof McKernan emphasized the strategic fit of InsureMyTrip within Ignyte's broader travel insurance ecosystem, citing strong brand equity and a loyal customer base built over 25 years. The acquisition adds another platform to Ignyte’s existing five travel brands, collectively managing more than $650 million in premiums across multiple global markets. This move follows the recent sale of Ignyte's collector vehicle division to Philadelphia Insurance Companies (PHLY) for $615 million last November.
