NU Online News Service, June 21, 11:37 a.m. EST

The Travelers Companies, Inc. says it has expanded its position in the surety market business in Brazil by acquiring a 43 percent interest stake in JMalucelli Participações em Seguros e Resseguros S.A.

Travelers describes the company as the market leader in the surety insurance business in Brazil with a market share in excess of 30 percent.

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