Travelers completes sale of Canadian personal & majority of commercial arm to Definity
旅行者旅行者(US:TRV) ReinsuranceNe.ws·2026-01-05 07:00

The Travelers Companies, Inc., a provider of property and casualty insurance, has completed the sale of the personal insurance business and the majority of the commercial insurance business of Travelers Canada to Definity Financial Corporation for approximately 2.4billion.ThesalewasinitiallyannouncedinMay2025.TravelershasretaineditspremierCanadiansuretybusiness.Travelerswilluseapproximately2.4 billion.The sale was initially announced in May 2025. Travelers has retained its premier Canadian surety business.Travelers will use approximately 0.7 billion of the net cash proceeds from the transaction for additional share repurchases in 202 ...