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

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.