Travelers backs Fidelis

Travelers announced that it has made a strategic minority investment in Fidelis , a privately owned, global insurer. 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. As an innovative company with a successful track record, Fidelis is an excellent fit for our investment appetite.” – Greg Toczydlowski, Executive Vice President and President of Business Insurance at Travelers.