Monday, June 10, 2013

Breaking News: Travelers Eyes Canada Growth with $1.1B Acquisition of The Dominion

Insurance Journal Breaking News
June 10, 2013

Breaking News Alert

Travelers Eyes Canada Growth with $1.1B Acquisition of The Dominion

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The Travelers Companies Inc. said it has agreed to acquire The Dominion of Canada General Insurance Co. from E-L Financial Corp. Limited for approximately $1.1 billion in cash with an eye on expanding its commercial lines business in particular.

The announcement said that The Dominion and Travelers' Canadian operations will be integrated and the combined organization will remain headquartered in Toronto.

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