Travelers Announces Strategic Minority Investment in Fidelis
14 Luglio 2021 - 12:00PM
Business Wire
The Travelers Companies, Inc. (NYSE: TRV) today announced that
it has made a strategic minority investment in Fidelis Insurance
Holdings Limited, a privately owned, global insurer. Terms of the
transaction were not disclosed.
Fidelis offers specialty, bespoke and reinsurance products. The
company also has a fee income business, which supports its
insurance operations.
“We are pleased to invest in a talented and proven management
team and look forward to gaining insights from them into the
specialty, non-admitted market,” said Greg Toczydlowski, Executive
Vice President and President of Business Insurance at Travelers.
“As an innovative company with a successful track record, Fidelis
is an excellent fit for our investment appetite.”
About Travelers
The Travelers Companies, Inc. (NYSE: TRV) is a leading provider
of property casualty insurance for auto, home and business. A
component of the Dow Jones Industrial Average, Travelers has
approximately 30,000 employees and generated revenues of
approximately $32 billion in 2020. For more information, visit
Travelers.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20210714005451/en/
Investors: Abbe Goldstein, 917.778.6825
Media: Patrick Linehan, 917.778.6267
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