Travelers completed its acquisition of Corvus Insurance, Travelers said on 2 January 2024. The deal was announced in November 2023 at about US$435 million.
Corvus built Smart Cyber monitoring and underwriting capabilities, which move under Travelers with the transaction.
The deal is one of the clearest cases of a major carrier buying an insurtech for its cyber data and underwriting technology.
Brokers placing cyber risk should watch how Corvus products and scanning services are integrated into Travelers' cyber offering.
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