Travel & General Insurance Services (t&g) report a busy September renewal exceeding pre-pandemic volumes

It’s still only the beginning of September but we are seeing that this year’s September renewals are going to be very busy and the total number of Travel Company’s we are managing are ahead of 2019 volumes.

September has always been the busiest renewal period of the two annual renewals (March and September) for ABTA and ATOL Bonds and of the quarterly ABTOT renewals.  However, there are also a high number of new enquiries from Travel Organisers exploring their financial protection options.

We are receiving many new applications for ABTA and ABTOT Bonds from brokers, Introducers, and direct clients.

These new applications are looking for insurance backed bonds instead of their current arrangements (Trust Accounts or Bank Bonds), as Travel Bonds by Insurance tend to be unsecured, meaning other business assets are not tied-up as they would be normally to guarantee a Bank Bond.

Another factor is that a large number of clients who renewed in March, just after the  UK Govt’s travel restrictions were lifted, are having to apply for a variance to their bond as sales are much higher than they originally forecasted.

All our applicants and existing clients benefit from:

  • speaking directly to our underwriters, which increases efficiency and transparency, reducing application and renewal times,
  • working with a specialist Insurer that has consistently focused on providing Travel Bonds, Travel Industry guarantees and Financial Failure Insurance products for the Travel Industry for the past 40 years,
  • our strong relationships with Industry bodies including ABTA, ABTOT, ATOL, CAR and ITAA, which has helped our clients navigate through their compliance requirements.

To find out why more Travel Organisers are using t&g see  Travel & General Travel Bonds | Why Choose Us (