Travelers (TRV) Boosts Cyber Capabilities With Corvus Buyout
Travelers(TRV) Zacks Investment Research·2024-01-03 18:34The Travelers Companies (TRV) closed the Corvus Insurance Holdings buyout. The transaction was announced in November 2023 for a purchase consideration of $435 million. Addition of Corvus to the acquirer’s portfolio marks its step toward enhancing its cyber capabilities, a part of its strategic growth roadmap.Corvus Insurance is a leading cyber insurance managing general underwriter powered by proprietary technology. Founded in 2017, the company developed an industry-leading suite of integrated cyber sales, ...