In November 2010, Travelers entered into a joint venture agreement under which the company would invest in J. Malucelli Participações em Seguros e Resseguros S.A., the market leader in the surety insurance business in Brazil. The transaction closed in June 2011 with Travelers acquiring a 43.4 percent interest. Travelers' investment in newly issued shares significantly increased J. Malucelli's capital level, positioning it for substantial growth in Brazil. At the time, Travelers had the option to increase its investment to retain a 49.5 percent interest, which the company later did in 2012.
The Director can invoke three other protocols in special situations: Protocol Alpha temporarily suspends all other protocols when a critical mission must be completed at all costs, Protocol Epsilon can be invoked when Traveler archives are threatened, and Protocol Omega permanently suspends all other protocols when the Director abandons the Travelers because the future has either been fixed or deemed impossible to fix.
Buy any full-priced swim style at chicos.com or by telephone at 888.855.4926 and receive free Parcel Post shipping within the continental U.S. (chicosofftherack.com orders are not eligible). Free shipping will be reflected at checkout. Offer not valid on purchases made in stores (including outlets). Free returns within the continental U.S. only, on full-priced swim styles purchased at chicos.com or by telephone and made within 60 days of purchase in accordance with "Chico's No Problem Return Policy" (see chicos.com or call 888.855.4926 for complete details). Excludes sale and final sale styles. Not valid on prior purchases or shipments. No cash value; non-transferable. Chico's reserves the right to discontinue or modify this offer at any time.