Reportedly, the Travelers Companies, Inc. (TRV) announced a strategic minority investment in a privately owned global insurer, Fidelis Insurance Holdings Limited. Fidelis offers specialty, bespoke, and reinsurance products. The company also has a fee income business, which supports its insurance operations. The terms of the transaction were not disclosed.
“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,” , “As an innovative company with a successful track record, Fidelis is an excellent fit for our investment appetite.” stated Greg Toczydlowski, Executive Vice President and President of Business Insurance at Travelers.
Dow 30 component, The Travelers Companies, Inc. (TRV) is an insurance provider of property-casualty insurance for home, auto, and business. To learn more about The Travelers Companies, Inc. (TRV) and to continue to track its progress please visit the Vista Partners Travelers Companies, Inc. Coverage Page.
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