St. Paul Travelers has completed the previously announced sale of its CATRisk operation, the company’s monoline earthquake and excess and surplus personal lines property unit which operates under the GeoVera, Pacific Select Property and USF&G Specialty brands.
The CATRisk operation was acquired by the newly formed GeoVera Holdings Inc. The sale is not anticipated to have an impact on St. Paul Travelers’ business going forward, and the gain on the transaction is not material to the company.
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