Travelers Reveals Minority Investment In Privately Owned Fidelis Insurance; Terms Not Disclosed

(RTTNews) - Property casualty insurer Travelers Companies, Inc. (TRV) announced Wednesday that it has made a strategic minority investment in Fidelis Insurance Holdings Limited, a privately owned, global insurer. The financial terms of the deal were not disclosed.

Fidelis offers specialty, bespoke and reinsurance products. The company also has a fee income business, which supports its insurance operations.

Greg Toczydlowski, Executive Vice President and President of Business Insurance at Travelers, said, "As an innovative company with a successful track record, Fidelis is an excellent fit for our investment appetite."