The competition regulator has invited submissions on the Allianz Partners acquisition of Nib Holdings’ travel insurance portfolio in Australia and New Zealand.

The deal, valued at up to $50 million, was announced early last month and is expected to be completed by end of the year, pending regulatory approval.

The Allianz subsidiary has also secured a 20-year agreement to offer Nib-branded travel cover products in the two markets.

Submissions in response to an Australian Competition and Consumer Commission questionnaire are due by Friday, with a strict timeline under new regulatory arrangements also affecting the period available for consultation.

An initial assessment will be completed by August 14.

Details are available here.