NU Online News Service, Nov. 4, 3:21 p.m. EDT

The Travelers Companies will acquire 43 percent of the common stock of Brazilian surety insurance provider J. Malucelli Parcipacoes em Seguros e Resseguros S.A. for approximately $370 million, the company announced.

The deal also allows for an option for Travelers to increase its interest to 49.9 percent within 18 months.

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