Travelers Increases Its Ownership in Its J. Malucelli Joint Venture, the Market Leader in Brazilian Surety

  Travelers Increases Its Ownership in Its J. Malucelli Joint Venture, the
  Market Leader in Brazilian Surety

Business Wire

NEW YORK -- December 05, 2012

The Travelers Companies, Inc. (NYSE: TRV) announced today that it has
increased its ownership stake in J. Malucelli Participações em Seguros e
Resseguros S.A., its joint venture in Brazil, by exercising a pre-existing
option to purchase newly issued shares. As a result, Travelers has increased
its stake in J. Malucelli from 43.4 percent to 49.5 percent.

“We are very pleased with the performance of our joint venture in Brazil,"
said Alan Schnitzer, Vice Chairman and head of Travelers’ Financial,
Professional& International Insurance business segment. "The venture
continues to be the market leader in the surety insurance business in Brazil,
with a market share of approximately 30 percent.In addition, we are making
good progress on our early efforts to expand beyond the surety business into
the growing property and casualty market,” he concluded.

Forward-Looking Statements
All statements in this press release other than statements of historical facts
are “forward-looking statements” within the meaning of the Private Securities
Litigation Reform Act of 1995. Actual results of matters addressed in these
forward-looking statements involve risks and uncertainties and may differ
substantially from those expressed or implied. Some of the factors that could
cause actual results to differ are discussed under the heading “Risk Factors”
in the company’s most recent Form10-K and Form10-Q. Additional factors that
could cause actual results to differ include, but are not limited to: risks
relating to pursuing new markets and opportunities, including opportunities in
emerging markets; and the risk that Travelers may not realize the anticipated
benefits of its investment. The forward-looking statements in this release
speak only as the date of this release, and we undertake no obligation to
update any forward-looking statements.

About Travelers
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 more than 30,000 employees and generated
revenues of approximately $25 billion in 2011. For more information, visit


The Travelers Companies, Inc.
Jennifer Wislocki, 860-277-7458
Delker Vardilos, 860-954-7975
Institutional Investors:
Gabriella Nawi, 917-778-6844
Andrew Hersom, 860-277-0902
Individual Investors:
Marc Parr, 860-277-0779
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