NSM Insurance Group, a global specialty insurance provider, completed the acquisition of Envisage International, a provider of global health and travel insurance plans for international students and cultural exchange participants around the world. Financial terms were not disclosed. "The travel insurance market is booming and will continue to grow at a rapid pace — with the industry predicted to reach $41bn by 2027. We plan to seize this market opportunity and become a dominant player in the space. Envisage is a market leader in international education and cultural exchange insurance with a talented team, strong customer base, established revenue relationships and cutting-edge technology infrastructure. They are an enterprising addition to our portfolio as we look to build our footprint in the international health and travel insurance space," Bill McKernan, NSM Insurance Group President.