Travelers’ unit SPFM Holdings disclosed a 7.02% ownership stake in Pelagos Insurance Capital Ltd. The position consists of 5,808,231 common shares, with Travelers and SPFM reporting sole voting and dispositive power. The filing indicates a potentially material strategic investment in an insurance-capital platform.
Key facts
SPFM Holdings, LLC, a unit of The Travelers Companies, disclosed a 7.02% ownership stake in Pelagos Insurance Capital Ltd (PLGO). source
The 7.02% Pelagos stake comprises 5,808,231 common shares over which SPFM and Travelers report sole voting and dispositive power. source