Travelers to Acquire Corvus Insurance
The Travelers Companies, Inc. (NYSE: TRV ) today announced that it has agreed to acquire Corvus Insurance Holdings, Inc. for approximately $435 million.
- The Travelers Companies, Inc. (NYSE: TRV ) today announced that it has agreed to acquire Corvus Insurance Holdings, Inc. for approximately $435 million.
- Founded in 2017, Corvus is an industry-leading cyber insurance managing general underwriter, powered by proprietary technology.
- “Corvus’ expertise in excess and surplus lines for cyber, along with our industry-leading distribution position in the admitted markets, is a powerful combination,” said Jeff Klenk, Executive Vice President and President of Bond & Specialty Insurance at Travelers.
- We have a strong working relationship with the Corvus team through our existing cyber capacity arrangements in the United States and Europe, and we are thrilled to have them join the Travelers family.”
Madhu Tadikonda, Chief Executive Officer of Corvus, said, “At Corvus we have been building a safer world through cyber insurance products and digital tools that reduce risk and improve resilience for policyholders.