Travelers’ Joint Venture with J. Malucelli Completes Acquisition of Majority Interest in Colombian Surety Start-Up
OREANDA-NEWS. October 01, 2015. The Travelers Companies, Inc. (NYSE: TRV) today announced that its joint venture with J. Malucelli in Brazil has completed the acquisition of a majority interest in Cardinal Compa de Seguros, a Colombian start-up surety provider. The business, which will continue to be based in Bogota, will now operate under the co-branded name J. Malucelli Travelers. Terms of the transaction were not disclosed.
The Travelers Companies, Inc. (NYSE: TRV) is a leading provider of property casualty insurance for auto, home and business. A component of the Dow Jones Industrial Average, Travelers has approximately 30,000 employees and generated revenues of approximately \\$27 billion in 2014. For more information, visit www.travelers.com.