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 2025 Bloomberg.
Topics Mergers & Acquisitions InsurTech
Was this article valuable?
Here are more articles you may enjoy.
Bayer Seeks Roundup Settlement, Explores Monsanto Bankruptcy: Reports 
No NOAA Large-Disaster Data to Hurt Insurers’ Grasp of Secondary Perils, Says AM Best 
Hack of Contractor Was at Root of Massive Federal Data Breach 
Central US Severe Weather Outbreak Caused Billions in Damages, AccuWeather Says 
