Insurance details awaited by Magellan

Insurance details awaited by Magellan
By admin


Magellan Travel Group will wait for full details of insolvency insurance policies currently being drawn up for travel agents before deciding whether to take out group-wide cover for its members.

UK-based International Passenger Protection (IPP) is working on policies that will provide financial protection for travel agents and consumers in a post Travel Compensation Fund era.

Magellan chief executive Andrew Macfarlane, who is on AFTA’s Travel Industry Transition Plan working party, said: “IPP will bring products to market and everyone wants the details around that.

“Our members would like us to pursue the intermediary insurance cover and we haven’t made a decision yet whether we will do that on behalf of our members’ or whether they will do it individually.

“We can’t make a decision yet because we are waiting to see the industry solution. But we do believe in intermediary insurance cover.”

Macfarlane said Magellan has been “fully supportive” of AFTA’s reform and of the creation of an accreditation scheme.

He said he was in favour of “industry-wide” insurance cover but said players would be free to create their own schemes.

“We’d be free right now to go off and negotiate with a vendor if we wanted,” he said.

He added that AFTA does not believe consumers should only have to rely on Australian consumer law in the event company failure.

“They wouldn’t be organising this with IPP [if that was the case],” Macfarlane said.

Latest News

  • Products

Embrace the journey: Traversing the world with the Shokz OpenRun

If you’ve been on the wrong side of a final call in the airport, or missed the stop on rail journey, it might be time to invest in a pair of Shokz OpenRun headphones. Originally marketed as headphones for fitness fanatics, runners or cyclists with a keen to steer clear of a prang with a car, […]

  • Tour Operators
  • Tourism

TTC: Deals are driving up demand for September trips

The latest market research from TTC Tour Brands shows interest in international leisure travel remains high for 2024, with 77 per cent of Australians over 18 still planning trips this year. Notably, 28 per cent of those travellers are eyeing September for their journeys. Europe continues to be the most popular destination, with 68 per […]

  • Aviation

Qantas ‘working urgently’ to fix app data leak

Qantas is looking into customer reports that passengers have this morning been able to access other passengers’ personal information on the airlines app. X user Lachlan posted that he was able log into different accounts every time he opened the app. My @Qantas app logs me in to a different person each time I open […]

  • Hotels

Revamped Wailoaloa Beach hotel opens as Crowne Plaza Fiji Nadi Bay Resort & Spa

Crowne Plaza Fiji Nadi Bay Resort & Spa is open and ready for bookings after the first phase of a multi-million-dollar transformation. Part of IHG Hotels & Resorts’ premium collection, the transformation has seen the completion of 106 guestrooms showcasing contemporary interiors reflective of the premium Crowne Plaza brand and is a first for the […]

  • Luxury
  • News

Kamalaya Koh Samui clinches clutch of wellness awards

Kamalaya Wellness Sanctuary & Holistic Spa has so far clinched five prestigious awards in 2024, including being inducted into the ‘Hall of Fame’ at the World Spa & Wellness Awards in London. Founders of the Koh Samui sanctuary and spa John and Karina Stewart expressed their heartfelt gratitude for the awards. “We are profoundly honoured […]