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New Deal


Announced

Completed

The Travelers Companies completed the acquisition of Corvus Insurance for $435m.

Financials

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Transaction Value£354m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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United States

smart commercial insurance

Insurance Brokers

Single Bidder

Acquisition

Majority

Private

Domestic

Friendly

Completed

Synopsis

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The Travelers Companies, a provider of property casualty insurance, completed the acquisition of Corvus Insurance, a cyber insurance managing general underwriter, for $435m. “We have forged a strong strategic partnership with the talented team at Corvus over the past year, and we are pleased to officially welcome them to the Travelers family. With a proven platform and deep cyber underwriting and risk management expertise, Corvus brings to Travelers important cyber capabilities,” Alan Schnitzer, Travelers Chairman and CEO.

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