Travelers Cos., the lone property- casualty insurer in the Dow Jones Industrial Average, agreed with a partner to buy a majority stake in a startup surety provider based in Colombia.
The joint venture with Brazil’s J. Malucelli Participacoes em Seguros e Resseguros SA will acquire the stake in Cardinal Compania de Seguros, New York-based Travelers said today in a statement distributed by Business Wire. Terms of the deal weren’t disclosed.
Copyright 2026 Bloomberg.
Topics Mergers & Acquisitions InsurTech
Was this article valuable?
Here are more articles you may enjoy.
Howden Buys M&A Insurance Broker Atlantic Group in US Expansion 
Good Times for US P/C Insurers May Not Last; Auto Challenges Ahead 
10 Highest Class-Action Settlements in 2025 Eclipsed $70B Total: Duane Morris 
MAPFRE Accuses AAA of Violating Long-Time Exclusive Marketing Agreement 
