Original article by Tim Binsted
The Australian Financial Review – Page: 24 : 9-Jul-15

Australian-listed NIB Holdings has expanded into the travel insurance market with a $A95m deal to buy World Nomads Group. NIB MD Mark Fitzgibbon says World Nomads will complement the group’s core private health insurance business. World Nomads specialises in the distribution of travel insurance policies, and boasted normalised EBITDA of $A10m and revenue of $A117m in 2014-15.

CORPORATES
NIB HOLDINGS LIMITED – ASX NHF, WORLD NOMADS GROUP PTY LTD, FLIGHT CENTRE TRAVEL GROUP LIMITED – ASX FLT, CITIGROUP PTY LTD, AIRBNB INCORPORATED, TRAVEL INSURANCE DIRECT PTY LTD, SURESAVE TRAVEL INSURANCE, LONELY PLANET PUBLICATIONS PTY LTD, JP MORGAN AUSTRALIA LIMITED, KING AND WOOD MALLESONS