According to a report this morning on Travel Mole, Thomas Cook is to sell its in-house travel insurance business which could raise £100 million for the tour operator.
Advisors at PWC ( PricewaterhouseCoopers) are close to being appointed to sell White Horse Insurance, the Dublin-based operation, reports the Sunday Times.
The sale is the latest disposal by Thomas Cook which is undergoing a massive cost-cutting exercise. As White Horse Insurance is the underwriter for Essential Travel Car hire excess insurance and as Essential Travel is owned by Thomas Cook, could they also be on the disposal list?
White Horse Insurance Ireland Limited was established in 1999 and is currently the underwriter for many other car hire excess insurance companies including Worldwideinsure, ProtectYourBubble and Questor Insurance.
No comments:
Post a Comment