Travelers has announced that it has finalized the acquisition of cyber-insurance specialist Corvus Insurance, which the American group had initially formalized last November.

In a press release, the New York-based insurer explains that it is delighted with the integration of Corvus, with which it had previously forged a strong strategic partnership.

Corvus distributes policies using a proprietary technology platform that identifies its customers' vulnerabilities and reduces their risk levels.

Travelers says it financed the acquisition of the American insurtech from its existing resources.

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