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Allianz Global seeks to speed up travel insurance process

Allianz Global seeks to speed up travel insurance process

Allianz Global Assistance UK is seeking to improve its claims process for holidaymakers filing a travel insurance claim form, hoping to ensure a ‘right first time’ submission and speedy payment. The company found that one in three claims did not include the right documentation when first filed, and has enhanced its digital claims system to help make the process quicker and simpler.

Samsonite acquires Tumi in $1.8bn deal

Samsonite acquires Tumi in $1.8bn deal

Samsonite International and Tumi Holdings has announced that they have entered into a definitive agreement whereby Samsonite will acquire Tumi for US$26.75 per share in an all cash transaction, valuing Tumi at an equity value of US$1.8 billion. “This is a transformational acquisition for Samsonite. “It will meaningfully expand our presence in the highly attractive premium segment of the global business bags, travel luggage and accessories market,” said Ramesh Tainwala, chief executive, Samsonite.

Brits warned over failure to check credit and debit card fees

Brits warned over failure to check credit and debit card fees

With UK residents making 60.1 million visits abroad last year, research revealed today by the newly-formed DCC Forum finds that 40 per cent of UK consumers never or rarely check the exchange rates and fees they will be charged for using their credit or debit card abroad. This is despite the fact that nearly three quarters check for the best exchange rates from currency providers when purchasing foreign money.

Vietnam, Mexico and Cuba top latest Kuoni trends report

Vietnam, Mexico and Cuba top latest Kuoni trends report

Vietnam, Mexico and Cuba have been highlighted as three of the fastest-growing long-haul holiday destinations for British travellers, according to a new report out today from worldwide travel company Kuoni. The Travel Edit 2014 by Kuoni looks at the changing habits of British travellers based on sales data over the last three years across a number of holiday categories including wallet-friendly destinations, overall bestsellers, honeymoons and sightseeing experiences.