Alan Schnitzer, chairman and CEO of Travelers, said in a release: Alan Schnitzer, chairman and CEO of Travelers, said in a release: "This transaction accelerates our access to cutting-edge cyber capabilities that were on our strategic roadmap, including sophisticated underwriting algorithms, advanced cyber vulnerability scanning and digital connectivity to customers and distribution partners." Credit: Lagunov/Adobe Stock

The Travelers Companies., Inc. is buying cyber insurance managing general underwriter Corvus Insurance Holdings, Inc. in a deal valued at approximately $435 million, according to the purchasing firm.

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Steve Hallo

Steve Hallo is managing editor of PropertyCasualty360.com. He can be reached at [email protected]

Information Security
E&S/Specialty
Cybersecurity