By Cristina Roca

Assicurazioni Generali SpA (G.MI) said Tuesday that its subsidiary Europ Assistance has bought 100% of Trip Mate from Arthur J. Gallagher & Co. (AJG).

Trip Mate is a Kansas City, U.S.-based company that acts as an intermediary in the U.S. travel insurance market, the Italian insurer said.

Assicurazioni said the purchase puts Europ Assistance, which operates in the U.S. through its subsidiary Generali Global Assistance, among the top three travel-insurance providers in the U.S.

No financial details about the transaction were disclosed.

Write to Cristina Roca at cristina.roca@dowjones.com

(END) Dow Jones Newswires

February 05, 2019 08:37 ET (13:37 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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