Travelers Acquires Corvus Insurance
November 3, 2023
The Travelers Companies, Inc. agreed to acquire Corvus Insurance Holdings, Inc. for approximately $435 million to expand Travelers' cyber underwriting and risk-management capabilities. Corvus, an insurtech-focused managing general underwriter specializing in cyber insurance and powered by AI-driven risk analytics, will be integrated into Travelers to enhance its cyber product suite and distribution.
- Buyers
- The Travelers Companies, Inc.
- Targets
- Corvus Insurance Holdings, Inc.
- Industry
- Insurance
- Location
- Massachusetts, United States
- Transaction Type
- Buyout
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