Zurich acquires BnB Sure to support future growth
Zurich Insurance Company South Africa, a subsidiary of the Zurich Insurance Group, today announced that it will acquire 100% ownership of BnB Sure Proprietary Limited.
This development is the culmination of a journey that began in June 2012 when BnB Sure, which offers specialist insurance products to protect Bed and Breakfast establishments and Guesthouses, transferred its significant book of niche hospitality business to Zurich.
Edwyn O’Neill, Chief Executive Officer of Zurich commented: "The acquisition provides a host of opportunities for Zurich. It will further strengthen our business and customers will benefit from access to Zurich’s global capability and BnB Sure’s expertise in managing hospitality risks.”
"BnB Sure will continue to serve its customers using the same technological platform with underwriting and claims being managed within the current operating structure,” said BnB Sure’s Founder and Chairman, Dave Jack.
