{"id":1971,"date":"2022-09-09T09:37:08","date_gmt":"2022-09-09T08:37:08","guid":{"rendered":"https:\/\/travel-general.com\/dev2025\/?p=1971"},"modified":"2022-09-20T10:37:29","modified_gmt":"2022-09-20T09:37:29","slug":"travel-general-insurance-services-tg-report-a-busy-september-renewal-exceeding-pre-pandemic-volumes","status":"publish","type":"post","link":"https:\/\/travel-general.com\/dev2025\/travel-general-insurance-services-tg-report-a-busy-september-renewal-exceeding-pre-pandemic-volumes\/","title":{"rendered":"Travel & General Insurance Services (t&g) report a busy September renewal exceeding pre-pandemic volumes"},"content":{"rendered":"

It\u2019s still only the beginning of September but we are seeing that this year\u2019s September renewals are going to be very busy and the total number of Travel Company\u2019s we are managing are ahead of 2019 volumes.\u00a0\u00a0<\/span><\/p>\n

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.\u00a0 However, there are also a high number of new enquiries from Travel Organisers exploring their financial protection options. \u00a0\u00a0<\/span><\/p>\n

We are receiving many new applications for ABTA and ABTOT Bonds from brokers, Introducers, and direct clients.\u00a0<\/span><\/p>\n

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.\u00a0\u00a0<\/span><\/p>\n

Another factor is that a large number of clients who renewed in March, just after the\u00a0 UK Govt\u2019s travel restrictions were lifted, are having to apply for a variance to their bond as sales are much higher than they originally forecasted.\u00a0<\/span><\/p>\n

All our applicants and existing clients benefit from:<\/p>\n