Allianz Partners has inked a deal to purchase most of nib Group’s travel insurance portfolios in Australia and New Zealand. The deal is expected to be finalized by the end of 2026.

The acquisition covers the Travel Insurance Direct (TID) brand and most of nib’s corporate partner networks across Australia. The two parties also signed a 20-year agreement, enabling Allianz Partners to sell insurance products under the nib brand in both markets.