M&A Deal Summary

Travelers Companies Acquires Corvus Insurance

On November 3, 2023, Travelers Companies acquired insurance company Corvus Insurance for 435M USD

Acquisition Highlights
  • This is Travelers Companies’ 8th transaction in the Insurance sector.
  • This is Travelers Companies’ 4th largest (disclosed) transaction.
  • This is Travelers Companies’ 4th transaction in the United States.
  • This is Travelers Companies’ 2nd transaction in Massachusetts.

M&A Deal Summary

Date 2023-11-03
Target Corvus Insurance
Sector Insurance
Buyer(s) Travelers Companies
Deal Type Add-on Acquisition
Deal Value 435M USD
Advisor(s) Gunderson Dettmer (Legal)

Target

Corvus Insurance

Boston, Massachusetts, United States
Corvus Insurance is a provider of commercial insurance products built on advanced data science, with an AI-driven approach to empowering brokers and policyholders to better predict and prevent loss. Corvus Insurance was formed in 2017 and is based in Boston, Massachusetts.

Search 214,238 Deals Now

SEARCH BY

  • Buyer Type (PE or Strategic)
  • Deal Size ($10M to $10B+)
  • Sector (60 Sectors)
  • Deal Type
  • Geography
  • & More

Try Free

Buyer(S) 1

Buyer

Travelers Companies

New York, New York, United States

Category Company
Founded 1853
Sector Insurance
Employees32,967
Revenue 46.4B USD (2024)
DESCRIPTION
Travelers office in Irvine, California.
Travelers office in Irvine, California.

Travelers Companies is an insurance provider of property casualty insurance for auto, home and business. Travelers Companies was founded in 1853 and is based in New York, New York.


DEAL STATS #
Overall 10 of 11
Sector: Insurance M&A 8 of 9
Type: Add-on Acquisition M&A Deals 5 of 5
State: Massachusetts M&A 2 of 2
Country: United States M&A 4 of 4
Year: 2023 M&A 1 of 1
Size (of disclosed) 4 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-07-25 Fidelis Partnership

Pembroke, Bermuda

Fidelis Partnership is a specialty, bespoke, and (re)insurance business. Fidelis Partnership is based in Pembroke, Bermuda.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2025-05-27 Definity - Personal and Commercial Insurance Business

Waterloo, Ontario, Canada

Definity's Personal and Commercial Insurance Business provides a full range of personal and commercial insurance services.

Buy $2.4B