Travelers completes $435M Corvus acquisition

The Travelers Companies has completed its previously-announced acquisition of cyber insurance managing general underwriter Corvus Insurance Holdings.

The $435 million acquisition was first announced in November 2023.

“We have forged a strong strategic partnership with the talented team at Corvus over the past year, and we are pleased to officially welcome them to the Travelers family,” said Alan Schnitzer, chairman and chief executive of Travelers. “With a proven platform and deep cyber underwriting and risk management expertise, Corvus brings to Travelers important cyber capabilities.”

Corvus boasts a suite of integrated cyber sales, underwriting, service and support capabilities. 

Through its platform, it identifies vulnerabilities throughout the policy period to reduce customers’ exposure to cyber events. The platform also delivers distribution efficiencies to insurance agents and brokers.

Travelers funded the acquisition through internal resources.