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Travelers Announces Strategic Minority Investment in Fidelis

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Topics: Alternative Capital Strategy

Terms of the transaction were not disclosed...

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

“We are pleased to invest in a talented and proven management team and look forward to gaining insights from them into the specialty, non-admitted market,” said Greg Toczydlowski, Executive Vice President and President of Business Insurance at Travelers. “As an innovative company with a successful track record, Fidelis is an excellent fit for our investment appetite.”

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