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 InsurTech Mergers & Acquisitions
Was this article valuable?
Here are more articles you may enjoy.
Viewpoint: Boom in Hyperscale Data Centers Puts Re/Insurers to the Test 
Camp Mystic Seeks Bankruptcy to Settle Texas Flood Wrongful Death Claims 
Climate Change Keeps Adding to List of Uninsurable Assets, Allianz Executive Says 
The Fidelis Partnership Launches US SME Casualty Reinsurance MGA 
